₦airaland Forum

Also bought Nokia. ....but at market price

The price limit prices all failed....have to use market price which am not happy

What'sare these bids/ask prices...not really tallying like what we have in NSE

Kebson:
Check out crypto's especially ethereum, it rising super fast I don't know why. it short term investment to me though.

I no de do crypto......

Thanks

Bought SPCE...today

Learnt there is public holiday on Monday in USA. ...no nonsense market on Monday 17th Feb

YerYer:
Check out this chip stock Nvidia (NVDA).
They reported a blockbuster earnings and the stock is up over 8%. Their data centre business is growing exponentially with nice margins.

Thanks Sir

ChybuzzDD:
Abeg, how long does it take for the money in naira to be converted to dollars? I used the conversion key since morning, but the amount in dollars is yet to reflect. Status is still written "pending".

Mine has reflected after several callings. ..

But I was told it takes 24 hours to get your conversation

But the Trove exchange rate of $1 to N368 is too much na

Parallel market exchange rate is $1 to N360-364.....

....what can we do to have a favourable exchange rate with Trove....?

Kebson:
I Have just created my Trove account. Make i begin small small

A bi ooooo

gamaliel9:
I registered with Chaka with full name as in my bank account...know your customer kyc...including your bvn...
When you deposit in naira,cash or online...it will hit your account in naira. Then if you want to buy US or other countries stock,they have an exchange option on the site. Just click on it and wait for some minutes...it will become dollar .....then you can buy stocks with it. When you want to withdraw,you hit the exchange option again...your dollar goes to naira...then you withdraw to your bank...savvy?

But it takes Trove App more than 5 hours to convert my naira funds to dollars. ...still pending.

Oga Oakperl, do you experience this slow exchange of naira wallet to dollars wallet?

YerYer:
Oh those are the stocks I own. I think it depends on your risk tolerance and time horizon. Meaning how much risk can you tolerate. If you think you will panic or get depressed by a 10% sell off, then you might want to invest in large cap value stocks like Costco, Home depot, Goldman Sachs. If you want growth and have the patience to weather volatility, then invest in tech stocks like Tesla, Virgin Galactic, Beyond Meat, Microsoft etc.

Thanks so much.....

Any link to share on US stocks dividend payments history like dates of payment, amount paid etc

Thanks

A beg more ogas should be coming around frequently to guide us until we stabilise

Loooooool

YerYer:
Currently own shares or options in
ROKU CRWD BYND OKTA WBA TTWO
SHOP CHGG FB PYPL WMT TSLA
AAPL AMD KSS SEE WFC LK
NVDA DIS MSFT SPCE PINS ARDX

Am so green here, a beg explain like your explaining to a primary school pupils. ..thanks

YerYer:
Congrats. Amotekun2020 is the dividend guru.

Amotekun. ....over to you then....

Oga YerYer. ....what are your stock peaks for jijo?

OakPearl:
If it's the account opening form you are filling, then enter your debit card details.
They need it to be programmed in the system to enable you fund your trading account shoukd you elect to do so with your card.

It may take about 48 hours to verify your docs.

Thanks boss.

Account verification completed. ....now fully Trovean. ....Loooooool

Please I want to start testing the waters..which US stocks have good dividend paying history. ...let me start buying Afolabi units small small. ..

Any link on USA stocks dividend payments like we have in nairametrics?

OakPearl:
I guess you were trying to fund your account that's why you were asked for your debit card details being a Nigerian resident.
This comes with additional charges.

I advise you rather do a direct transfer from your bank mobile app using the USD option.
This way you avoid charges and get your funds converted to USD automatically.
Always screen grab your transaction ID for quick processing though.

Thanks boss.

Just that it was one of the spaces to fill...after BVN and Documents. ....next is Bank debit card details. ..

.....so i will not fill the debit card details? Since it is not compulsory. ....

How many days will Trove take to verify my documents before I will fund and start trading US stocks?

Thanks

Oakperl. ...please I saw in Trove to Add my credit card details?

Did you add your credit card details?

Thanks

OakPearl:
Your scepticism is in order.
No one wants to be a victim of loss.

However, if I may throw more light, the companies behind these apps are like agents commissioned by US licensed brokers to serve as reliable source of broadening market participation to parts of the world where the typical American broker has no presence and can't do due diligence on potential customers.

So even if Trove goes under, your stocks remain in your name in the books of the registrars of the companies you have and that of the stock broking house Trove works with.

It's similar to what happens in the Nigerian Stock Exchange. If a stock broker goes out of business, your stocks remain in tact with the CSCS depository. All you need do is change broker and get CSCS to do your transfer to a new broker.

Thank you Sir for your response. Please I still need more clarification Sir.

So what is the USA version of our own CSCS?

Did trove or their USA stock broker open an equivalent CSCS account for Trove App investors?

Do you have an equivalent CSCS account statement like we have in Nigeria from the shares you have bought?

Thank you.

gamaliel9:
Yes,they take fees fro trades. Local trades is 0.5% whether selling or buying. For global trades,it is 1%,buying or selling,either way the same.

I only use them for US stocks. Locally i use ARM Securities and Meritrade. They have calculator too on their platform. Calculate to authenticate

Who regulate the activities of Trove Finance and other fintec applications please?

Just been curious?

DOLLARTEX:
you are correct.the stock pop 5% on Friday with a massive volume in excess of a 100 million!maybe its time has arrive.Monday will tell us the direction of this stock together with uber which signifies making profit this year.it also did a volume trade and a 10% top up.

.

Oga you don leave me alone oooo

RealityShot:
can someone help answer this question please?

PA emmanuelewumi be like say him go honey weekend.. Lol...

For MorganCapital, send email to them requesting to buy UPDC-REITshares at a specific price and volume, it will be executed.

I think you can trade yourself with FSDH stockbroker when buying UPDC-REIT

Hope that helps?

OakPearl:
My brother, they are the only app I use.
They recently updated the app that now allows you to put a buy limit price so you don't over pay beyond what you would have wished to.

I communicate with them via phone and whatsapp as well.

I asked how I can get my dividends if I invest in dividend paying stocks and they assured that any stock you have that pays dividend, your dividend comes straight to your trading account from the registars.
That one sweet my bele though.

But how safe is the App?

Any possibility of getting your money back if Trove App goes under?

Which regulatory body is regulating Trove Finance App?

Just skeptical and want to know more before testing the waters

Thanks

DOLLARTEX:
please anything you find out let me know.for safety reasons,I am test running the app,money committed here very little.

Ok.

Oga Oakperl, please wetin need your input on Trove since you have used it for long time.

Thanks

DOLLARTEX:
I registered with trove last week,let's see how it goes!america here I come.

Waoooooo

Am doing research about Trove. ..

Please can you tell me more about them, before I use them.
Thanks

gamaliel9:
Can Nigerians buy US STOCKS from Nigeria?Possibly yes... I heard about Chaka and decided to check on them....registration was difficult....i could not input my password.. Then somebody mentioned Trove...but you have to register with your international passport....i also saw an advert of Bamboo Investment App...all these are fintechs that try to bring global stocks to Nigerian residents...From my research,THEY WORK WITH STOCK BROKERS IN THE US AND YOU CAN BUY ANY STOCK YOU WANT, NOT SELECTED STOCKS.

Again, my interest in US stocks is that the market is very developed and efficient... can you believe that there are stocks that pay MONTHLY DIVIDENDS? Even QUARTERLY DIVIDEND....those stocks are sure salaries....they pay up to 90%,80% of the profits because they are exempted from paying certain type of taxes,so they must pay the dividend...This is done mostly by companies in property management and REITs,utility[electricity companies],pipeline companies etc...

Is this not better than what we have here?
What are the demerits of investing in US stocks from Nigeria? Are there problems with that? What do you think?

Please is Trove App good?

Which stocks are the high dividend paying stocks in US?

ScepterWorld:
KYC documents include scanned copies of:
1. Passport photograph
2. Valid means of ID (Int'l Passport or drivers license or national ID)
3. Utility bill as proof of address
4. BVN no.
Just the basic docs required by banks during account opening, to avoid multiple or fictitious account duplication.

Sir, I have all the requirements. ..should I register with trove?

Kindly waiting for your reply.
Thanks

DOLLARTEX:
Uber and Nokia on my watchlist this week.

Have you registered Sir...

Which app did you use?

Waoooooo nice thread

How can I open account to thread US stocks?

Thanks my ogas

Barrytone:
Am trying hard to refrain from saying "it's a lie". My success story comes from my early exposure to the streets. The reverse I'd rather the case. Rich kids rarely succeeds, 90% of the Benjamin's are from poor background. Awolowo grandson was busy looking for few millions months back. The abiolas, iwuanyanwu and their likes, first generation will still meet up the stored wealth of it was enormous like the abachas that still keep coming, certainly by second generation it's squandered because they failed to learn the art of making money simply because they were already in the comfort zone. The poor in the other hand strives to break even at all cost including his life. As I speak, I owe my kids only their education and it's the reason am not into landed property, don't want to give them that feeling that everything is on place for them to flex rather than hustling through strife to break even. If my parents were rich, I would have died by now or been useless. My motivation was the poverty staring at me every day, I knew I can't live that life for long.

Well done Sir.

Am motivated by this write up.

rebekah2011:
Whether is pumping or dumping oooo. I do not care, the price moved today.

A bi oooooo

ebuka1997:
Thanks ma, zenith is the only stock on my portfolio, my eyes are on it like a mother hen watching her chick

Make you no get B.P ooooo

Loooooool

RabbiDoracle:
If your gut tells you that people here are secretly buying, why don't you buy? Abi?

Na so Sir

Just buy and dam the consequences

Loooooool

emmanuelewumi:
You move on. I promised myself NOT to ever regret my investment actions, you loss some, you gain some. The most important thing is to make sure your gains exceed your losses.

I sold at around N900, not bad for a stock I bought for N20 and got 1 for 4 bonus and another 1 for 5 bonus although I still have abiut 300 units left

This is massive gain Sir.

Am sure where you invested the Nestle looths are also increasing yields in return

RabbiDoracle:
E go hard bro.

Loooooool

You mean you no get leisure time ?