₦airaland Forum

So how long have you been investing in the capital market?

What are your current stock picks?

I've been following the stock market for more than 15 years, but I've been an investor for less than that. One thing I have learnt is that one needs to have some skin in the game to be a good student of the market.

On my stock pick, I am very reluctant to start dispensing stock-pick advise over the internet. I can generally say I still believe there are huge opportunities in the Nigerian banking and Food sectors. But each individual investor has to carry out their own fundamental analysis of the specific companies. I will advice that you never invest in a company without first reading and analysing the financial statements of a company. I have some collections of financial statements for free download through the following link. http://www.investornigeria.com/index.php?option=com_content&view=article&id=51&Itemid=54 . I'm still building the library and will welcome any help in the form of volunteers who can upload financial statements on the site. The aim is to make these information freely available to potential investors,

Cheers,

@laz_inc Am still very reluctant in entering the market because of the downturn( “Blood in the Street”) that has wiped out many investments.  I have abt 150K to put into the market and also planned of investing 50K every mnth into this market. I’m a young grad that just started a jab not quite long with a fare pay, don’t want to lavish my hard earn coins! I have been following and observing the market trend and the vagaries going on there. Don’t knw if this is a step in the right direction.
Plz I need your candid and expertise advice on this.

Thanx

I am very happy to hear that as a young graduate, you are already thinking about investing. As someone who graduated from the university about 22 years ago, I wish I had your kind of foresight 22 years ago. Congratulations!!!

Now back to your point, should you start investing about 50k every month from now. I will very much say YES. I am also saying that you will never regret starting early. Along the way, you will make mistakes and you will have early successes. I can assure you that you will learn more from your mistakes than from your early successes. You will also need to develop the habit of reading widely about investing and about businesses in general. I You can find some of the best readings on investing in my investment blog http://www.investornigeria.com/index.php?option=com_content&view=article&id=46:the-best-investment-readings&catid=1:latest-news. Like most good things in life, there readyngs are freely available to you.

Happy investing.

It reminds me of this country song "My wife ran away with my best friend I still miss HIM a lot"

You can visit my blog http://www.investornigeria.com/ where I scribble my thoughts on Nigeria investing. You can also drop your thoughts on Nigeria business opportunities there if you wish.

Thanks.

As Warren Buffet rightly said, the best time to invest is when there is "blood" on the street (i.e. the stock market). The fundamentals for some of the blue chip companies do not deserve the current onslaught on their stock prices. For example, First Bank, GTB & Zenith in the banking sector, Flour Mills, Oando etc in other sectors are sound businesses that one should be safe to own.

The main question is, for those whose life savings were invested in the stock market and have seen these savings devastated by corporate greed (e.g. Oceanic ate) and the negative sentiments in the market, how do you convince them that there is a silver lining in this same market. It is a personal call that each individual (or investor) should make.

In my personal opinion, this is the best time to invest in the market and go to sleep for the next 5 to 10 years to continue reaping the bumper harvest. To quote Warren Buffet, "Be fearful when others are greedy and be greedy when others are fearful". This is the time to be greedy because there is "blood" on the street.