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Stopmyaddict's Posts

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BusinessRe: My Advice To Salary Earners by Stopmyaddict: 7:16pm On Oct 27, 2024
Meerahbel:
Investing on the Nigerian Exchange Group (NGX) involves buying and selling of financial securities such as stocks, bonds, and exchange-traded funds (ETFs). Here's a comprehensive guide to help you understand investing on the NGX:

*Types of Investments on NGX:*

1. *Stocks:* Also known as equities, stocks represent ownership in companies listed on the NGX. When you buy stocks, you're essentially buying a portion of the company's assets and profits.
2. *Bonds:* Bonds are debt securities issued by companies or governments to raise capital. When you buy bonds, you're essentially lending money to the issuer, who promises to repay the principal amount with interest.
3. *Exchange-Traded Funds (ETFs):* ETFs are investment funds that track a particular index, sector, or asset class. They're traded on the NGX like stocks and offer diversification benefits.

*Benefits of Investing on NGX:*

1. *Diversification:* Investing on the NGX allows you to diversify your portfolio across various asset classes, sectors, and companies, reducing risk.
2. *Liquidity:* The NGX provides a platform for buying and selling securities, making it easy to convert your investments to cash.
3. *Potential for long-term growth:* Historically, the NGX has provided attractive returns over the long term, making it a viable option for investors seeking growth.
4. *Regulatory framework:* The NGX is regulated by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE), ensuring a level of transparency and investor protection.

*How to Invest on NGX:*

1. *Open a brokerage account:* Find a licensed brokerage firm and open an account. This will give you access to the NGX platform.
2. *Fund your account:* Deposit money into your brokerage account, which will be used to buy securities.
3. *Choose your investments:* Research and select the securities you want to buy, considering factors like risk tolerance, investment goals, and market trends.
4. *Place an order:* Use your brokerage account to place a buy order for the selected securities.
5. *Monitor and adjust:* Keep track of your investments and adjust your portfolio as needed to ensure it remains aligned with your investment objectives.

*Risks and Considerations:*

1. *Market risk:* NGX investments are subject to market fluctuations, which can result in losses.
2. *Liquidity risk:* Some securities may have low liquidity, making it difficult to sell them quickly or at a fair price.
3. *Default risk:* Bonds and other debt securities carry the risk of issuer default.
4. *Regulatory risk:* Changes in regulations or government policies can impact NGX investments.

*Investment Strategies:*

1. *Dollar-cost averaging:* Invest a fixed amount of money at regular intervals, regardless of market conditions.
2. *Value investing:* Look for undervalued securities with strong fundamentals.
3. *Growth investing:* Focus on companies with high growth potential.
4. *Dividend investing:* Invest in companies with a history of paying consistent dividends.

*Resources:*

1. *NGX website:* Visit the NGX website ((link unavailable)) for market data, news, and educational resources.
2. *Brokerage firms:* Contact licensed brokerage firms for guidance on investing on the NGX.
3. *Financial advisors:* Consult with financial advisors or investment professionals for personalized advice.

Remember, investing on the NGX requires a thorough understanding of the market, risks, and investment strategies. It's essential to educate yourself, set clear investment objectives, and consult with professionals before making investment decisions.

You can use my referral link on my signature to sign up on trove we both get free shares.
Thanks so much,I really appreciate your response
BusinessRe: My Advice To Salary Earners by Stopmyaddict: 7:15pm On Oct 27, 2024
Originalsly:
I'm with you on your advice about saving .... but as things are... I would suggest converting to a stable foreign currency..... do not save in Naira. Let's say 10 years ago .... a man was saving as you suggested .... and had 6 million in his bank account ... an amount at that time can see him through life. That would've been all gone today. If he had converted it to a stable currency then ... he would still have been living off it today. Each day Naira sits in our saving accounts the less value it has. You have N1.7 million in the bank today .... at N1700 to $1 today .... that's $1000. One year from now ... what do you think will be the exchange rate? ...how much will your N1.7m then worth in USD? How much will your USD worth in Naira? My point .... save.... but not in Naira
Good ideas 💡
How can one save in dollars ad how?
Please boss
BusinessRe: My Advice To Salary Earners by Stopmyaddict: 1:32pm On Oct 27, 2024
Meerahbel:
My mentor taught me what I am telling you today and currently a silent billionaire. Has properties scattered all over Nigeria and heavily invested in NGX.

Hey! Talk is cheap.
Please explain better on investment on NGX
BusinessRe: My Advice To Salary Earners by Stopmyaddict: 1:30pm On Oct 27, 2024
Meerahbel:
Thank you for your response. You can save by either living below your means. Let assume you just got a job, you can squat with friend and when you want to get your own apartment go for a single room not a self contained. With 60k, save 20% that's N20,000 a year would give you 240,000, you can decide to buy a plot of land or invest in stocks market most especially foreign stocks., Treasury bill, or FG savings bonds (5000 to start by the way and you get interest quarterly) Your return can be used to pay monthly bill in the case of FG savings bonds school fees though or professional qualifications exams.

Everything is all about planing, the day you start taking actions and stop complaining or giving excuses you would see the difference. I hope this helps. I am rooting for you to win.
Please explain better on the stock,Treasury bills and Fg savings bonds
Abeg ...
I haven't heard about it
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict: 7:19pm On Oct 23, 2024
PJtech:
https:
///Do8TgQ8it8MDIfaQ4lA6WW


Close the space to join the WhatsApp group
It is not working
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict: 8:59pm On Oct 12, 2024
RealityKings:
First 20 people to quote me
Sandralight
Hi
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict:
Juzec:
First 5 people to quote me 1k
Ps: offer ends by 5:30am
:
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict: 9:08am On Oct 02, 2024
Antwan99:
Thank God Micah70 unreasonably discarded me from his giveaway which i legitimately qualified for.

I was still in a state of dying after the uncompassionate Micah70 discarded me for no reason, then I saw N5000 credited to my Opay account around 6pm without anyone claiming responsibility. The person just did me good because I posted in another section how hungry I was because I already budgeted akpu with Micah's 2k giveaway since I was the 6th moniker to mention him amongst the first 10 he demanded.

The truth is, Micah70 would have been my demi-god yesterday when I qualified for his giveaway but he abruptly for no reason just jettisoned me.

The reason I would've been highly indebted to him is because, I hadn't eaten throughout the day and was reflecting how to achieve this when I saw his post and thought God had answered my prayer.

I don't have an alternate moniker neither was my moniker another's alternate.

See what God did for me. Immediately I saw that N5000, I deposited N1000 to my sportybet and hurriedly staked N500. I pressed N1000 but then I thought, if it doesn't come through, at least let me have something left. Else I would have won N56,000. Even with the N500 stake, had it been Arsenal played over 2.5, I would have been smiling with N41,000.
Show your boy mercy babanla
9064705380
Sporty account
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict: 4:44pm On Sep 24, 2024
achicares:
Please, do you know sportybet contacts?
Like a quick means of reaching them.

I placed a bet with #100 yesterday, this morning i was seeing reduced #30 as my stake. I don't know how/why they changed it
grin
Jjc
BusinessRe: Football (+/Other Sports) Betting Season 18 ➜ ➜ ➜ by Stopmyaddict: 5:16pm On Sep 20, 2024
abba190:
or they shut u down
Make we see the game

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