OnGod20:
I'm new here, please is it advisable I buy some stocks this December and if yes, can someone please recommend some stocks for me?

OnGod20:
I'm new here, please is it advisable I buy some stocks this December and if yes, can someone please recommend some stocks for me?

nna777:


There is a way to work around this funny information. As long as you don't buy 500k unit at a go or multiple times same day, you won't be blacklisted.

For eg If I want to buy 1M units, I can choose to buy within (100k to 400k) within 10 to 3days as the case may be.

If they find out our plan, we would change again accordingly . Na Dem go tire.

Tvegas:
I think you wanted to say flagged and not blacklisted. Legally there is nothing wrong with this move as various forms of reporting is common with financial transactions in Nigeria. For example Banks and Real estate developers have statutory obligation to report some transactions to EFCC through SCUML and other regulatory authorities. Only few comply though.

However Growth wise this is another foolish move by the Buhari government because there is time for everything. A wise leader wont bring such policy to a market that is on a recovery journey as investors may bolt with their money.

With the way this military regime is borrowing and restricting funds they may soon start to freeze bank deposits.

nna777:


It's unfortunate but just like they work their way around the system to suit their most of the time personal agendas, we also have to think of a way to work around the system to suit our own personal agenda too.

emmasoft:


This is not the best approach to invest in stocks.

You have to do the following: Determine your investment objective - why do you want to invest in stocks, for what purpose and for how long.
Do you have some basic knowledge on how the stock market works? if answer is no then start by investing in yourself by reading some materials and previous pages on this thread.

However, you don't have to be an investment guru to start; most of the gurus started as a newbie as well, you get experience and learn more while at it.

OBAGADAFFI:


Well, we all have plans, but on the long run it will affect the market.

Now the so called CSCS KYC is starting to make sense.

OnGod20:
thanks for your opinion, I already have a basic knowledge about stocks and I have invested in some stocks before but j don't really know the best time to buy

emmasoft:


Then by now you would have known the basic rule of - buy low and sell high. So you buy when prices are low and sell when it's high. That is the very basic.
All analysis you read or hear people talk about ends with just that simple basic understanding.
This is the period most investors position in dividend paying stocks like FUGAZ and others. Prices are higher though compare to what it was earlier in the year. You can watch and see if prices pull back or buy in trenches to average down.
However applying the basic rules is determined by your investment objective. A long term investor may not be too bothered about price like a trader. Some long term investors ie dividend seeker can make do with 8% dividend yield so to that investor he may not wait for a stock like zenith to be N20 or less before he buys but a trader will

OnGod20:


Thanks a lot, please which stock is fugaz? I haven't heard of that

ojeysky:


First bank
Uba
Gtb
Access
Zenith

OnGod20:


Thanks so much, I appreciate your response so far, so you recommend I buy these stocks now?

emmasoft:


Then by now you would have known the basic rule of - buy low and sell high. So you buy when prices are low and sell when it's high. That is the very basic.
All analysis you read or hear people talk about ends with just that simple basic understanding.
This is the period most investors position in dividend paying stocks like FUGAZ and others. Prices are higher though compare to what it was earlier in the year. You can watch and see if prices pull back or buy in trenches to average down.
However applying the basic rules is determined by your investment objective. A long term investor may not be too bothered about price like a trader. Some long term investors ie dividend seeker can make do with 8% dividend yield so to that investor he may not wait for a stock like zenith to be N20 or less before he buys but a trader will

IYGEAL:


Problem is, opportunity(-ies) to buy or sell at projected prices doesn't come in a regular pattern.

There is no need for this policy other than profiling of investors for godsknowswhy.

OBAGADAFFI:


Well, we all have plans, but on the long run it will affect the market.

Now the so called CSCS KYC is starting to make sense.

Leggitsam:

Buhari is targeting capital gain tax. CGT.
This is different from Witholding tax on your dividends.
The first is profiling of investors.(done with KYC update of investors)
The 2nd phase is knowing how much you are gaining by investing or trading on NSE?
The third is grouping Nigerians into tax brackets. Under dz phase, the poor earners will be excluded. The money from the rich will be transferred to fund the poor. The praise singers of Buhari will be the utmost beneficiaries of the Scheme, coz the money will be looted before implementation. The government might lunch a bound to fail social security service.
The fourth agenda is implementation of this brutal anti-investors policy.
Buhari has sold Nigeria.

OnGod20:


Thanks so much, I appreciate your response so far, so you recommend I buy these stocks now?

IYGEAL:


Problem is, opportunity(-ies) to buy or sell at projected prices doesn't come in a regular pattern.

There is no need for this policy other than profiling of investors for godsknowswhy.

Mcy56:

Hhmmm.

Leggitsam:

Buhari is targeting capital gain tax. CGT.
This is different from Witholding tax on your dividends.
The first is profiling of investors.(done with KYC update of investors)
The 2nd phase is knowing how much you are gaining by investing or trading on NSE?
The third is grouping Nigerians into tax brackets. Under dz phase, the poor earners will be excluded. The money from the rich will be transferred to fund the poor. The praise singers of Buhari will be the utmost beneficiaries of the Scheme, coz the money will be looted before implementation. The government might lunch a bound to fail social security service.
The fourth agenda is implementation of this brutal anti-investors policy.
Buhari has sold Nigeria.

otokx:


What can be done to avoid this?

dharpzee:
Abeg, does anyone have an update of GTBANK court ordered meeting, held on Friday?

jamace:
FTNCOCOA is on FULL BID..@ N0.31

SMA50:


What is pushing FTNCOCOA upwards? Any ideas? Not enough information to review Technically.

Leggitsam:


Successful

jamace:
FTNCOCOA is on FULL BID..@ N0.31

megawealth01:
We are doing 200% soon