Hello,
1. Which Insurance Companies are going to
or do you think will do IPOs in 2008? Most of ones with strong bullish potential are already listed
and I am not a big fan of secondary market purchases. But oh well.
2. Please consider this scenario, an investor A has NGN500,000 to invest. With an Agressive Growth Fund predicted performance worst case of 45% for 2008/2009 and mean worst case of 50% in the 2008-2010 period (
these predictions are made by me oh), should the investor A bother with insurance stocks? Since his capital is limited, investing in insurance may necessitate buying two or three different shares and this will reduce the effect of compounding on the money. The investor is a strong risk taker.
Is the investor better off with AGF (please i am not a marketer)- its a genuine question. I had bought Discovery Fund but it did not meet my expectations, AGF seems more like it since investor A has limited capital - might it be better knowing he has average worst cases mentioned above - instead of buying insurance companies that may take like 3 years to give significant returns and even when they do, because its like NGN250,000 investment, the returns may not be much and dividend meagre.
Please any inputs will be great.