Quote:
Originally Posted by Eagle1
Please I am new to StockMarket. I have N150,000 to invest but not in one stock. I want to diversify the little money I have into about 5stocks. Kindly advise me to chose the 5stcoks that will yield maximum return in a space of one year now. Thanks all
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i will suggest that you pick just one coy, as you have been advised.
insurance can rally within short period, but thats the only funds budgeted, i will not advised insurance because of the risk level, fine they are all doing fine at the moment.
you also have to aswer if you are for short or long term.
MY advised for you is to choose one company among the following
(1)UNION HOMES, Property keeps going up, people are appreciating morgage in nigeria, am sure you can get 50% on your pay in less that one year.
(2) FIDELITY ANK, Although just concluded its PO, they will release the certificate and shares volume will increase, that will drag down the price most probably, but the rebound might cause a strong rally, so if u get it at N9, its a good buy.
(3) ECO BANK, after the merger plans with sterling, fail or succesfull, there will be a rally, as their are strong bids for the coy.
(4)1ST BANK, its a good coy at N40, towards the middle of the year, when they usually declare dividend and bonus, there will be strong rally.
However, if you want to enter for short term, go for the insurance, but remember, the risk level, any small bad news, nigerians react negatively.
good luck