Any Advice for A New Beginer

[Bigboy]

Hi Guys,

I a new on the site but i cant but just notice the very impressive stuff you guys are posting on this site. Make me proud again to be Naija.

What stock would you guys advice for a beginer investor like me in the Petroleum sector. Any IPO coming up soon? or Do ihave to buy from the secondary market.

I hope you guys will welcome me and enlighten me.

Cheers

Bigboy

[Yusuf]

You are welcome. But you must watch before you leap. First learn about the market before jumping into buying any stock but in the mean time, get yourself a broker and plan buying from stock market. Also, you need to decide if you want to be an investor, what type? long or short term or you can be a speculator.

Visit Investopedia.com for more lecture. You will find a great write up to help you there.

Good Luck!!

[oseitutu]

Originally Posted by Bigboy

Hi Guys,

I a new on the site but i cant but just notice the very impressive stuff you guys are posting on this site. Make me proud again to be Naija.

What stock would you guys advice for a beginer investor like me in the Petroleum sector. Any IPO coming up soon? or Do ihave to buy from the secondary market.

I hope you guys will welcome me and enlighten me.

Cheers

Bigboy

Bigboy, as you move on your financial independence trail, I will only advice you to lmbibe what yusuf has said and also to make sure you know the difference between gambling in stocks, and investing. Chose your sector carefully, follow the news and market keenly, invest time in your money and carry out due diligence before you join any team. Speculation also has its skills and is also different from gambling as one uses greed as a driving force while the other uses intuition and sentiments.
On a final note, a popular Wall Street saying goes like this:
BULLS MAKE MONEY, BEARS MAKE MONEY, PIGS GET SLAUGHTERED
Have a pleasant monetary experience.

[Bigboy]

Thanks a million Oseitutu and Yusuf for the priceless advice. I'll keep every word of your advice close to my earth. I look forward to a wonderful experience with the great minds on this site

[c kenneths]

The advice given above are straight to the point, just learn to walk before learning to run.
however we welcome you to this wonderful site where ideas flow freely.
am not a great fan of petroleum stocks so I cant really choose between them, it lost me some good capital and you know, once beaten, twice shy.

Once again, welcome.

[Bigboy]

Thanks C Kenneths. Are you suggesting i stay off the petroleum stocks? If so what sector would you reccomend. I heard Dangote Flour is coming out soon. What's ur take on this.

Once again your advice well apreciated.


Bigboy

[olusolakemmy]

welcome bigboy.
i will advice you to take advantage of the numberous PO coming to the market.
FCMB, STERLING, DANGOTE FLOUR MILL, JAPAULOIL, NAHCO etc.
you can get enough info about the secondary market from the gurus in this site.
WILL LIKE TO SAY WELCOME

[dotunk]

Big boy

welcome to the site. you will learn a graet deal from ALL members of the forum. sometimes it might seem we argue over stuff but men thats where the money is made... enough heads to make a decision.

you should also know that whatever is said on the site is the opinion of each individual and that the final decision is yours at the end of the day.

on IPOshitting the mrket olusolakemmy has laid it out and i agree. you should plan for them.

finally, i think you should buy more of secondary market stocks and not IPOs. the scondary market is where THE money s made.... i guess thats what you want.... no be so???

cheers

[oseitutu]

Originally Posted by dotunk

finally, i think you should buy more of secondary market stocks and not IPOs. the scondary market is where THE money s made.... i guess thats what you want.... no be so???

cheers

Haba, haba. Money is made in the secondary market 'cos that is where you sell. Purchases made from public offers are good to go. purchase commision free, discounted from secondary market price and you are somewhat inadvertently prevented from being a "buy-today-sell-after-6-days-person" at least until you have learned the ropes. If you buy public offer, you make your money when you buy. Usually like 30% (discount plus no brokerage fees). When you get your certificate and verify it, any time lapse from 3 months to 12 months would have passed, so you would then have held the investment for long enough to make sense. If the stock followed the all-share-index, you would have made at least 80% profits!(assuming ASI made 50% in that period). You can then decide which way to go and if it is a dividend paying company, they will probably pay you something that year.

On the other hand, secondary market is good, but it is like the football premiership. It is a place where you sell a stock today at say 32 naira because you bought it and for 9 months it did not move. Then you open the papers two weeks later and it is 56 naira!. You no go die sha!

Be wise and take one step at a time.

On a final note, here is my own disclaimer too. OPINIONS EXPRESSED IN MY ENTRIES ARE NOT A BUY OR SELL RECOMMENDATION, BUT JUST OPINIONS. READERS SHOULD CONDUCT THEIR OWN RESEARCH AND MAKE DECISIONS BASED ON THAT.

[Bigboy]

Great Advice Oseitutu. As per your disclaimer. I'll check with my solicitor if it can hold in a cout of law------------ Laugh

Thanks a million. well appreciated

Bigboy