₦airaland Forum

konfessor: No info yet bro. Was ur interview on thursday or friday

Mac-momo is a she by the way.

What follows below was lifted from the DMO website.

How to invest in FGN Bond

1. Application forms can be obtained from any of the authorized dealers(PDMMs), or download from the DMO’s website

2. Complete the application forms and submit through any of the PDMMs
3. Common price auction system is normally employed as opposed to multiple price auctions

4. Payments for the allotment are payable in full on application

5. Minimum of N10,000.00 and multiple of N1,000 thereafter

6. Investors can also access the FGN bonds after the auction through the secondary market

7. FGN bonds purchase is confirmed by registration in the depository (CSCS) or by issue of certificates

8. Interest is paid semi-annually until the maturity date when the principal amount is repaid

9. Payment of interest is through issue of interest warrant(cheque) or direct transfer to current or savings bank accounts

10. Bondholders who do not want to hold the bonds until maturity date can sell them at any time on the floors of Nigerian Stock Exchange or Over the Counter (OTC), through, any of the PDMMs.

manie: Buy stocks with the following features,

* good management
* Selling at a discount
* growing earnings at a higher than inflation
* reserves at least 40% of earnings for future growth
* the company operates in a growth sector
If the stocks meet all these criteria, hold the stock for the long term.

How can one w/o your experience go about obtaining such information?

olushowunm: WHAT YOU NEED IS SIMPLE HAVE AN INVESTMENT PLAN AND BE DISCIPLINE TO FOLLOW IT!

YOU CAN CHECK MY THREAD "HOW TO INVEST EFFECTIVELY" AND THE ART OF PERSONAL LEVERAGE (THE LECTURES SERIES). ALL ON NAIRALAND INVESTMENT SECTION...
I WILL TRY AND UNCOVER MOST MYTHS OF FINANCE AND INVESTING!

I'll certainly do so. Thanks bro, you're a gem.

Seun: Many investment gurus have said that most lucrative investment you can make is an investment in yourself. Use your extra cash to buy things that will increase your earning power, such as certifications, career-enhancing books, part-time studies, and good healthcare. Or your business, if you're an entrepreneur.

Index funds are definitely the safest way to invest in stocks if you don't know what you are doing - that is, if you cannot calculate a company's monetary value to a high degree of accuracy by reading its financial statements.

We dont seem to have index funds in Nigeria yet, though we have mutual funds. Mutual funds are not an appropriate substitute for index funds because they charge much higher fees but do not perform any better than index funds. Mutual funds can fail catastrophically due to mistakes by their managers, while index funds tend to fail only when the entire market is failing, e.g when an asset bubble bursts.

You should also consider safe government securities like tbills and bonds. You can put up to half of your funds in them. They tend to do better when stocks are not doing so well. They are also very easy to convert to cash when you need cash urgently. For active investors, these can be used like a savings account while you're waiting for the right investment to come along.

I recommend "Buffett: The Making Of An American Capitalist" if you really want to learn more about investing and stocks.

Seun I must say you're quite ubiquitous in this investment portal. I really appreciate your advice and enjoyed reading it. It's quite remarkable how quickly you guys respond and your willingness to help. Thanks again.

To reply to reply to your points, I want to do a bit of both: Try to boost my earning potential through courses and certifications and also put some money away in something more than a dumb savings account - something passive and rather long term for a start (say 10 years)

I really appreciate the book suggestion too; one more to add to my reading list. I've already got "Think and Grow Rich" and "The Intelligent Investor"

stockbull: i think you are right.
i would advice you to invest in stock market as you are fortunate to enter the market in a bullish time period.
The market is risky and you may lose money just as all businesses has a tendency to bring loss at one time.try to do some research on your own especially on how the nigeria stock market works and let me know if you would've interest

Thanks bro, I'm already on the research thing. Once I feel like I'm getting a handle on things I'll reach out to you. My number is 08135604698, drop me a line. Thanks.

Once you have identified a particular fund of interest, how do you go about purchasing units and basically, conducting the business

How Should The Young And Recently Employed Invest Their Extra Cash

To all seasoned investors and friends in the house,

I'm young, just bagged my first real job and I'm looking to start investing right away. I figured I'd better start early because I know I've still got lots to learn and my commitments couldn't possibly be any lower than they are right now. I'm prepared for a bumpy ride but I'd really appreciate any advice I can get from the house.

Been thinking about money market funds and index funds, but I'd really like to know how to go about obtaining a proper financial education. I'm quite a tech geek, you see; I know next to nothing about finance.,

Thanks in advance.

To all seasoned investors and friends in the house,

I'm young, just bagged my first real job and I'm looking to start investing right away. I figured I'd better start early because I know I've still got lots to learn and my commitments couldn't possibly be any lower than they are right now. I'm prepared for a bumpy ride but I'd really appreciate any advice I can get from the house.

Been thinking about money market funds and index funds, but I'd really like to know how to go about obtaining a proper financial education. I'm quite a tech geek, you see; I know next to nothing about finance.,

Thanks in advance.

konfessor: Who else is going for the interview at calabar from lagos on friday 7:30 am. Pls holler

You're coming all the way from Lagos? Wow! By the way, the E-mail I got said Thursday; perhaps yours was different?

Cyntia: u are not a patient person!
y say our company is crooked?

Perhaps not. But I'm patient enough to write "You" and "Why" correctly.

mac-momo:
Hi guys!I didn't write the 2nd test but I just got an sms from UNICEM saying I have qualified for the last phase of the recriutment process!any ideas abt the last phase?

I guess congratulations are in order. I've had the exact same thing! Additionally, I got an e-mail this morning from one of their staff asking me to send scanned copies of my credentials as confirmation that I intend to participate in the interview.

Cyntia: may'b u didn't study (1)elect. (2)mech. or (3)chem. engr.

I studied Elect/Elect Eng. Their ways are just confusing

Not yet. I'm really starting to lose faith. Their recruitment process is really starting to confuse me. I've heard (from a reliable source) that there was a second test held at their main office in Calabar on Wednesday. So it may be that they further narrowed down the candidates after the initial Congratulatory messages.

mac-momo:
Really?what did the sms say? And when did u get it.I've not gotten any other sms after the congratulatory msg

Yes, the same thing happened with me, but I called them and was told that I should still expect my invite. It appears to be batch by batch. Good luck. If you'd like us to connect, e-mail me.