Can you turn 500,000 into 2 million within a year with stocks

[zainabusman]

Originally Posted by Apache

Chei! bia, this na public forum na. Oya, PM me the details make we yarn better.
On a serious note, It will be interesting to see if that same guy(I mean the guy that made 2 million) will be this confident about making another kill this year. I will advise pple hold on to their cash a while till we begin to see some really crazy prices before blazing in.

I agree. I noticed that its generally not a good time to enter the market bw June and August. The market tends to peak in August and then to decline in Sept. It might be better to wait and see.

I dont know what i did to Zenith, i still have not received my return money. God de.

[zainabusman]

Originally Posted by billions

The ability to be able to hold plenty cash without buying anything for a long time until u are convinced is a sign of great investment maturity.

The market is down and its getting worse..loads of cash is good.however,i maintain dat i do not think that d bears will still be alive by august,2008.

Peter Lynch called it "Sitting Still". Yes u have to learn to sit still when the need arises.

[Babs_O]

Originally Posted by billions

The ability to be able to hold plenty cash without buying anything for a long time until u are convinced is a sign of great investment maturity.

The market is down and its getting worse..loads of cash is good.however,i maintain dat i do not think that d bears will still be alive by august,2008.

Why do you think the bears will be away by August 2008 ?

[billions]

Originally Posted by Babs_O

Why do you think the bears will be away by August 2008 ?

Because most of the conditions dat initiated d situation can only have a temporary effect since nigerian companies are still performing very brillantly.many people like apache shd start taking positions in preparation for december(end of year of many companies) after the next quarter result is out(IN JUNE).

Lots of money was raised by nigerian companies last year and investors took lots of money from d secondary market to finance this public offers.the returned money is still trapped in d hands of investors and the companies dat coordinated the offers.i believe dat d situatn shd hv been abt 80% sorted by august giving investors the opportunity to join the secondary market train after d next quarter result is out.

I think d next quarter result shd create enough motivation in people to invest.

(sorry,i had initially written a comprehensive detail of my position but it just when off my computer screen and i dont want to start all over again.).

[Babs_O]

Originally Posted by billions

Because most of the conditions dat initiated d situation can only have a temporary effect since nigerian companies are still performing very brillantly.many people like apache shd start taking positions in preparation for december(end of year of many companies) after the next quarter result is out(IN JUNE).

Lots of money was raised by nigerian companies last year and investors took lots of money from d secondary market to finance this public offers.the returned money is still trapped in d hands of investors and the companies dat coordinated the offers.i believe dat d situatn shd hv been abt 80% sorted by august giving investors the opportunity to join the secondary market train after d next quarter result is out.

I think d next quarter result shd create enough motivation in people to invest.

(sorry,i had initially written a comprehensive detail of my position but it just when off my computer screen and i dont want to start all over again.).

You also need to factor in the usual summer stock selling season which will run from June to August. This makes me feel it will be very unlikely in August.

I think recovery will more probably start around september but to be more accurate one needs to check which companies are expected to release results in Jun-Aug and what those results will be like. Also one needs to look out for money looking for stocks to buy increasing in quantity - Those who can see these will benefit more from the market take off sometime between now and October.

[billions]

Originally Posted by Babs_O

You also need to factor in the usual summer stock selling season which will run from June to August. This makes me feel it will be very unlikely in August.

I think recovery will more probably start around september but to be more accurate one needs to check which companies are expected to release results in Jun-Aug and what those results will be like. Also one needs to look out for money looking for stocks to buy increasing in quantity - Those who can see these will benefit more from the market take off sometime between now and October.

The market capitalisation of d banking sector contributes about 60% to d overall market capitalisation of the NSE.The fact that the year end of these banks is now gonna be in December may nullify the effect of the june to august stock selling season since people shd start taking positions in preparation for December.

i think that many new things hv happened in d NSE over the last 8 months and a new trend of stock selling/buying may be created.

I am certainly not sure but i hope 4 d best.

I agree dat this falling prices has created a good opportunity 4 people that hv cash and knows what to buy with it.

[Monwowo]

Originally Posted by kenebobo

I just felt I should ask the members of the house if their investment strategy can turn 500,000 into 2 million Naira within a year. I have a friend who Just did it though his is a bit longer than a year( 1year and three months).

I feel its luck but he told me that for me to do thesame I should avoid investing into blue chip companies cos they dont give Nice profit. Isnt it too risky?

How is this your friend doing in this turbulent market oh kenebobo?
If he/she still dey on top of his/her show, then I wish to know am....

[dannynoko]

Originally Posted by Monwowo

How is this your friend doing in this turbulent market oh kenebobo?
If he/she still dey on top of his/her show, then I wish to know am....

Monwowo-am with you on this one. If at all it is possible, I don't think it happened this year am sure of that.

Also, Kenebobo, you should ask the guy what his portfolio look like after this brutal market for couple of months now, except if he sold out before the burst.The guy must be kidding if he think value stock/blue chips shld not be invested in.If you take a stock during this gruelling market, the surviving
ones is the blue chips stocks. Anyway, the only way you can make such kind of money is if you are lucky to pick up some cheap penny stock(not necessarily value stocks) and have a great price appreciation on them. However, this just happen once in a while. I will like to know this guys strategy or types of stock he is into.

[hispy99]

Originally Posted by Monwowo

How is this your friend doing in this turbulent market oh kenebobo?
If he/she still dey on top of his/her show, then I wish to know am....

if he loaded up on the penny stocks (e.g ABC, KoD, where are you na?), then his 'folio must have almost bled to death

[jodell]

Can you turn 500,000 into 2 million within a year with stocks

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I just felt I should ask the members of the house if their investment strategy can turn 500,000 into 2 million Naira within a year. I have a friend who Just did it though his is a bit longer than a year( 1year and three months).

I feel its luck but he told me that for me to do thesame I should avoid investing into blue chip companies cos they dont give Nice profit. Isnt it too risky?


DEAR FORUMITES,
Well looking at the markets since march making a returns of 300% per annum is a very tall other and also very risky if one is not well grommed in understanding the fundamentals of the market.
In this bear peroid for an investor to have anything above 30% returns per annum the investor need to be an active trader by trading with news and quarterly report and also having hear to the ground on the floor of the nigeria stock exchange like studying and understanding every stock support level and resistance level and using it for short term trading.

Since May this year l have been making 15-20 % returns per month my stock trading portfolio through this investment startegy of trading on quaterly report news, Audited and of year dividend payment and bonus issue, Federal Goverment fiscal policy news, understudying the Volume of a each compamy shares traded in a day its relationship to stock SUPPORT LEVEL and RESISTANCE LEVEL using the BOLINGER BAND.

With this investment strategy l have been able to make 76% returns on my trading account since may to 31 st of August 2008.

But for one to acheive such returns your need a very reputable and effient stock broking firm that can be able to execute your other promptly and be able to get your bid other quickly within a short time frame. And also have a good research database for easy reference on decision making.

JOHN AGBAI

[billions]

Originally Posted by jodell

Can you turn 500,000 into 2 million within a year with stocks

--------------------------------------------------------------------------------

I just felt I should ask the members of the house if their investment strategy can turn 500,000 into 2 million Naira within a year. I have a friend who Just did it though his is a bit longer than a year( 1year and three months).

I feel its luck but he told me that for me to do thesame I should avoid investing into blue chip companies cos they dont give Nice profit. Isnt it too risky?


DEAR FORUMITES,
Well looking at the markets since march making a returns of 300% per annum is a very tall other and also very risky if one is not well grommed in understanding the fundamentals of the market.
In this bear peroid for an investor to have anything above 30% returns per annum the investor need to be an active trader by trading with news and quarterly report and also having hear to the ground on the floor of the nigeria stock exchange like studying and understanding every stock support level and resistance level and using it for short term trading.

Since May this year l have been making 15-20 % returns per month my stock trading portfolio through this investment startegy of trading on quaterly report news, Audited and of year dividend payment and bonus issue, Federal Goverment fiscal policy news, understudying the Volume of a each compamy shares traded in a day its relationship to stock SUPPORT LEVEL and RESISTANCE LEVEL using the BOLINGER BAND.

With this investment strategy l have been able to make 76% returns on my trading account since may to 31 st of August 2008.

But for one to acheive such returns your need a very reputable and effient stock broking firm that can be able to execute your other promptly and be able to get your bid other quickly within a short time frame. And also have a good research database for easy reference on decision making.

JOHN AGBAI

Welcome to SMN.

76% gain in 3-4 months is a solid performance.Congrats.

We hope to learn from ur wealth of trading experience.

Cheers.

[mattino]

Originally Posted by jodell

Can you turn 500,000 into 2 million within a year with stocks

--------------------------------------------------------------------------------

I just felt I should ask the members of the house if their investment strategy can turn 500,000 into 2 million Naira within a year. I have a friend who Just did it though his is a bit longer than a year( 1year and three months).

I feel its luck but he told me that for me to do thesame I should avoid investing into blue chip companies cos they dont give Nice profit. Isnt it too risky?


DEAR FORUMITES,
Well looking at the markets since march making a returns of 300% per annum is a very tall other and also very risky if one is not well grommed in understanding the fundamentals of the market.
In this bear peroid for an investor to have anything above 30% returns per annum the investor need to be an active trader by trading with news and quarterly report and also having hear to the ground on the floor of the nigeria stock exchange like studying and understanding every stock support level and resistance level and using it for short term trading.

Since May this year l have been making 15-20 % returns per month my stock trading portfolio through this investment startegy of trading on quaterly report news, Audited and of year dividend payment and bonus issue, Federal Goverment fiscal policy news, understudying the Volume of a each compamy shares traded in a day its relationship to stock SUPPORT LEVEL and RESISTANCE LEVEL using the BOLINGER BAND.

With this investment strategy l have been able to make 76% returns on my trading account since may to 31 st of August 2008.

But for one to acheive such returns your need a very reputable and effient stock broking firm that can be able to execute your other promptly and be able to get your bid other quickly within a short time frame. And also have a good research database for easy reference on decision making.

JOHN AGBAI

I would like to know the name of your brokerage firm and your broker because i am also a trader like you and would want such services you enjoy.

Did you make losses at any point considering the fact that at some point the market was not responding even to good corporate results from companies?

What Federal government fiscal policy did you trade on for a 15-20%-the recent federal government intervention in the stock market?The government fiscal policy that affected the market,especially the Building and Construction Industry was at the 1st quarter of the year when the market was still bullish.

[BLUEMONEY]

Originally Posted by jodell

Can you turn 500,000 into 2 million within a year with stocks

--------------------------------------------------------------------------------

I just felt I should ask the members of the house if their investment strategy can turn 500,000 into 2 million Naira within a year. I have a friend who Just did it though his is a bit longer than a year( 1year and three months).

I feel its luck but he told me that for me to do thesame I should avoid investing into blue chip companies cos they dont give Nice profit. Isnt it too risky?


DEAR FORUMITES,
Well looking at the markets since march making a returns of 300% per annum is a very tall other and also very risky if one is not well grommed in understanding the fundamentals of the market.
In this bear peroid for an investor to have anything above 30% returns per annum the investor need to be an active trader by trading with news and quarterly report and also having hear to the ground on the floor of the nigeria stock exchange like studying and understanding every stock support level and resistance level and using it for short term trading.

Since May this year l have been making 15-20 % returns per month my stock trading portfolio through this investment startegy of trading on quaterly report news, Audited and of year dividend payment and bonus issue, Federal Goverment fiscal policy news, understudying the Volume of a each compamy shares traded in a day its relationship to stock SUPPORT LEVEL and RESISTANCE LEVEL using the BOLINGER BAND.

With this investment strategy l have been able to make 76% returns on my trading account since may to 31 st of August 2008.

But for one to acheive such returns your need a very reputable and effient stock broking firm that can be able to execute your other promptly and be able to get your bid other quickly within a short time frame. And also have a good research database for easy reference on decision making.

JOHN AGBAI

By Reputable and Efficient are you refering to Brokerage firms that are Reputable and Efficient in Bargain Hunting ?????
These are thesame people that will not Allow the market to Experience three straight weeks of even a Managed Bull Run. Reputable and Efficient indeed.