tommieen:
My people, please lets be guided on all this speculative trading.

Invest long term and lets forget the get rich quick mentality.

Just saw this today and it saddened me as i know quite a number of people who would be caught in this cross fire.

https://www.cnbc.com/2020/06/15/hertz-says-it-expects-stockholders-to-lose-all-their-money-in-filing-for-selling-more-stock.html

Time in the market is better than timing the market.

koonbey:


Halving your funds might be better because if a drop happens, you'd be half as stressed as if all your money was in the market, plus you could then use the remaining half to buy the dip and get a better average for your purchases before selling when the markets go up.

The stocks you mentioned are solid ones that will likely be more resistant than most other stocks in the event of a crash, and they are also likely to come back up faster than most other stocks, so in short, they are good if you want to enter the market securely.

Either way, be cautious and make sure you understand what you're risking. A crash can happen and leave the market bearish for a long, long time (the 2008 crisis left a bear market that lasted 17 months, for instance).

In short, things are very volatile now and nothing is assured.

Thanks alot koonbey, I plan to leave the fund invested for 5 to 10years.
I appreciate.

@ oakpearl @Yeryer @thesilentone

I will like to know if AZUL is still a good buy, I intend to hold it mid-term to long term.

I’ll appreciate your thoughts on this.

lafuria1:

Thanks lafuria1 i have funded both accounts with a small token for start.
But men our Naira has turn to sand, i lost over 35 value in all for my liquid saving in Naira since 2018. I thank God for all the lessons, because i will not make that mistake again.

This our Thread is amazing, knowledge, inspiration, experience you can find here. Glad to be here with the bosses. i can't quote you all.. oakPearl yerYer Ebuka1976 seyisanya tommieen and co.

Its high time the Bamboo and Chaka reps identify here too

KCnaira:
Thanks lafuria1 i have funded both accounts with a small token for start.
But men our Naira has turn to sand, i lost over 35 value in all for my liquid saving in Naira since 2018. I thank God for all the lessons, because i will not make that mistake again.

This our Thread is amazing, knowledge, inspiration, experience you can find here. Glad to be here with the bosses. i can't quote you all.. oakPearl yerYer Ebuka1976 seyisanya tommieen and co.

Its high time the Bamboo and Chaka reps identify here too

Good to have you here....

Dont consider them as total losses tho

We still spend in naira and not USD

You get me?

In a normal situation and in a normal country
Periodic depreciation here and there does not really matter to those who are based in the country (Japan and South Korea for example)

But because of Nigeria's peculiarities
Our eyes is always on the USD

Topson88:


Thanks alot koonbey, I plan to leave the fund invested for 5 to 10years.
I appreciate.

The reality is market crash always occur(but crash is not something to be dreaded but infact opportunities) at least every 10-15 years from the last crash sometimes there are exceptions, but they will still occur, no one knows when. That is why trying to time the market is a just a Loser game. Since you are going for a long term which is the wisest thing to do, I will advice you to invest in index fund, this is save and a form of passive investment, you do not need to actively monitor your portfolio and please do not invest all your money at once, though you can but I will advise not. Invest little by little from time to time. Leave the rest to the power of compounding.

gamaliel9:
US market is so efficient...when you hear a positive news about a company definitely it will rise or vice versa...but in Nigeria eeee...a company will release a bad result and the stock will do 10% that day and next...a lot of things happen secretly here....

Hahaha

Just like everything Nigerian....

Our NSE get comma

But at least I understand it
So I'm unfazed

DeRuggedProf:
See the big boys forming another club.....
Magu will soon join you here....
Just came to peep and report back........

Hahahaha

Magu ke?

LordAdam16:
I do not want to be an alarmist.

However, knowing the average Nigerian's propensity to pass blames, it is pertinent to make a crucial admission.

Currently, in 2020, the US stock market is on its last legs.

Granted, analysts have been sounding it off to whoever would listen since 2015 that a recession is due.

But on the back of an amazing 2019, an election year in the US, unsustainable debt levels, the central banks almost exhausting their tools to prop up the global economy, and all of the unbelievable records the market has made; there's not much upside left before things cool.

And you do not want to be left holding the bag when that happens. Because I know there'd be many who will not be hesitant to call out OakPearl, YerYer and other veterans if that were to happen. I'd like to see this thread flourish come what may.

My point: in WAfE parlance, is that you shine your eyes. Play only with amounts you can comfortably lose. Don't get greedy. Stay glued to the news, this is not a set-and-forget scheme. And this may not be the best time to play the long game.

Now, I could be very wrong. We could have another 3, 5, or more years of bliss. I certainly wouldn't complain. And those who bet their hat would come out on top with sumptuous ROI, like the TSLA believers. I'm just saying you should note the risk and how much you're willing to shoulder.

Yup, that's all.

-Lord

The US market will always go up and down

It has survived two world wars
Great recession
Great depression
Cold war
Etc.


It is here to stay

However the market is filled with sharks and if you slip
You will be shown red eye.


Tho I agree with your point about passing blame

abuhusna1:
Even my chesapeak I bought 0.17 gained 95 percent before closing of market and my portfolio I started with 500 dollar now worth 1600 dollar. If you can play a waiting game you will gain from the penny stock but don't use money you can't afford to lose

Hope you did profit taking and ran away lmao

azeezman:



Alll said and good, the risk you are taken are very high. From experience what you are doing is buying company marked to go bankrupt without notification and als reverse split xan happen with out notify. If you are lucky doing this tske your loot now and dont try it again

Pls tell em

Cc @YerYer @OakPearl and others. Thanks for all the knowledge in here.

Please could you make a recommendation: links/books to understand how to read charts and technical analysis of stocks.

I've found out that it's really important to know what point to enter a stock based on the charts so as to understand what is happening with it, and not to enter a stock on its way down as I did sometimes ago.
Thanks.

Didn't even remembered i made a comment. Hope he was lucky to pull out.

uthor=DexterousOne post=90789606]

Pls tell em [/quote]

delgook14:
Cc @YerYer @OakPearl and others. Thanks for all the knowledge in here.

Please could you make a recommendation: links/books to understand how to read charts and technical analysis of stocks.

I've found out that it's really important to know what point to enter a stock based on the charts so as to understand what is happening with it, and not to enter a stock on its way down as I did sometimes ago.
Thanks.

www.investing.com
www.investopedia.com

Search for resource/learning materials on these sites and enjoy.
Youtube search will also do you a world of good.

Iyamilele:
@ oakpearl @Yeryer @thesilentone

I will like to know if AZUL is still a good buy, I intend to hold it mid-term to long term.

I’ll appreciate your thoughts on this.

Its still a good buy for mid and long term.
Time your entry to within $11 and wait for flight resumption to harvest your capital appreciation.
You determine when to exit.

OakPearl:


Its still a good buy for mid and long term.
Time your entry to within $11 and wait for flight resumption to harvest your capital appreciation.
You determine when to exit.

Thank you

Iyamilele:
@ oakpearl @Yeryer @thesilentone

I will like to know if AZUL is still a good buy, I intend to hold it mid-term to long term.

I’ll appreciate your thoughts on this.

Like Oakpearl said, it's a still a good buy long term around $11

delgook14:
Cc @YerYer @OakPearl and others. Thanks for all the knowledge in here.

Please could you make a recommendation: links/books to understand how to read charts and technical analysis of stocks.

I've found out that it's really important to know what point to enter a stock based on the charts so as to understand what is happening with it, and not to enter a stock on its way down as I did sometimes ago.
Thanks.

YouTube is great for learning basic technical analysis. Also check out Udemy.com, they have some cheap courses there.

One key thing that hasn't been mentioned here for beginners, and arguably everyone, is that you are much better off buying an index like the S&P500 than trying to pick individual stocks.

Yes, it's "boring" compared to imagining you are running a hedge fund or outsmarting Warren Buffett but if you want longevity (to thrive over decades) in this game, boring is the way to go.

4Play:
One key thing that hasn't been mentioned here for beginners, and arguably everyone, is that you are much better off buying an index like the S&P500 than trying to pick individual stocks.

Yes, it's "boring" compared to imagining you are running a hedge fund or outsmarting Warren Buffett but if you want longevity (to thrive over decades) in this game, boring is the way to go.

Index and some good ETFs........ Less BP

Who knows about bamboo app and how to use it in stock buying

You can download the app and read the frequently asked questions that's available there

narit:

The reality is market crash always occur(but crash is not something to be dreaded but infact opportunities) at least every 10-15 years from the last crash sometimes there are exceptions, but they will still occur, no one knows when. That is why trying to time the market is a just a Loser game. Since you are going for a long term which is the wisest thing to do, I will advice you to invest in index fund, this is save and a form of passive investment, you do not need to actively monitor your portfolio and please do not invest all your money at once, though you can but I will advise not. Invest little by little from time to time. Leave the rest to the power of compounding.

Thanks Narit, I appreciate.
Actually most of my fund is in Vanguard lifestrategy 100 percent equity global index, I just took out a little to invest in US individual stocks .
Thanks for the advise.

4Play:
One key thing that hasn't been mentioned here for beginners, and arguably everyone, is that you are much better off buying an index like the S&P500 than trying to pick individual stocks.

Yes, it's "boring" compared to imagining you are running a hedge fund or outsmarting Warren Buffett but if you want longevity (to thrive over decades) in this game, boring is the way to go.

Please can you talk about it here....that is one of the reasons for this forum

Krystalzkris:
Who knows about bamboo app and how to use it in stock buying

You can go through the previous pages to have an overview.
But here is an article I compiled you can read in under 5 minutes.
https://medium.com/nairastack/investing-in-u-s-stocks-bamboo-chaka-or-trove-ce9347d908e4

Fun fact though: Just download all 3, they all have their strengths and weaknesses.

nairastack:


You can go through the previous pages to have an overview.
But here is an article I compiled you can read in under 5 minutes.
https://medium.com/nairastack/investing-in-u-s-stocks-bamboo-chaka-or-trove-ce9347d908e4

Fun fact though: Just download all 3, they all have their strengths and weaknesses.

okay. Thanks
Read the article. It's just a comparison of all three. I have bamboo but I don't seem to understand how it works. That's the info I need.

Dear tommieen, what is being done to improve the currency conversion timing on your trove app?....this process is very slow and frustrating at the moment. What about direct dollar deposit too. Please make things flexible.

BREAKING!!!
Cruise lines voluntarily suspend all trips out of US ports until September 15th!

Dear forum members, by this announcement I am selling my cruise lines on a little profit to hold cash till I think it is profitable to buy cruise lines back; probably in September.

My decision to sell may be wrong.
Do your due diligence.

pa3k001:
Dear tommieen, what is being done to improve the currency conversion timing on your trove app?....this process is very slow and frustrating at the moment. What about direct dollar deposit too. Please make things flexible.

He said direct USD deposit will be available this week but...

Can you guys please recommend any alcohol stocks?

Good day guys. I have been following you guys for two weeks now.
Happy I can finally comment. I appreciate the work of the ancestors here. I am a new to the stock market.
Thanks for all the advise.
I have been " playing" through Chaka app. I bought Lloyd group @1.85.
I found out that for us trading with less thanks $80 are are paying higher comission. it's basically for those trading in larger numbers.
But it seems they are our only option (Nigerians). I do science, but love investment and finance.
Hope to catch up soon. However pls when speaking to us, pls reduce "stock vocabulary" till we come of age. lolz.
Thanks

For those Using multiple account. Do you use the same CSC No?