Best Investment Strategy.

[Tantan]

Dear All,
I have just joined this forum and have only been investing in stocks for one year. Please,can you help me out with the best stocks to invest N3M next week in the market. My goals are:

1)To invest 70% of the amount in stocks with good fundamentals and keep it for a long term(3-5 years).

2)To invest 30% in stocks that I can quickly turn around within a month or maximum of three months.

All ideas welcome. Thank you.

[nwoyearoh]

Originally Posted by Tantan

Dear All,
I have just joined this forum and have only been investing in stocks for one year. Please,can you help me out with the best stocks to invest N3M next week in the market. My goals are:

1)To invest 70% of the amount in stocks with good fundamentals and keep it for a long term(3-5 years).

2)To invest 30% in stocks that I can quickly turn around within a month or maximum of three months.

All ideas welcome. Thank you.

No best investment strategy, just what suits your risk-taking capacity.

What are your goals?
(a) 30% (or 100%!) yearly growth on the 3-5year long term?
(b) 100% (or -ve 100%) growth on the short term?
(c) ........... a million other combinations?

Above all you must make effort to educate yourself on the fundamentals that drive stock price, and I think being in this forum is a right step in the right direction. You will definitely learn a lot.
Good luck.

[knightofdelta]

Alternatively, you can get a good portfolio manager to help you out. If you want I can help you organize your portfolio based on your risk tolerance. Only that you will have to pay for my services...

[olusolakemmy]

Originally Posted by knightofdelta

Alternatively, you can get a good portfolio manager to help you out. If you want I can help you organize your portfolio based on your risk tolerance. Only that you will have to pay for my services...

KOD na wa ooooooooooo
remember that young shall grow
it is good to let him learn market fundamental rather than helping him to manage his portfolio and now charge him ontop of that.

[hispy99]

Originally Posted by olusolakemmy

KOD na wa ooooooooooo
remember that young shall grow
it is good to let him learn market fundamental rather than helping him to manage his portfolio and now charge him ontop of that.

I'm sure KoD was only joking, Shell and Chevron pay him enough royalty

[knightofdelta]

He he he he. How I go buy ammunitions if I no make enough money to fight Shell and Chevron when they default in their royalties to pay for my father's compound from where they are digging black gold?

[Tantan]

Dear experienced forum members?
I finally purchased the following shares on Monday 16th June,2008:

a) Oceanic @N26

b)Wapic @N10.30

c)Cornerstone @N4.46

d)Int. Brewery @ N6.30


While checking the market yesterday (20th June),I noticed that Oceanic is now N21.34,Wapic-N7.81 and Cornestone @N3.65 respectively.

Even though,I am in the market for medium to long term,what do I do now especially if the market continue to fall(already,I have lost btw 15 to 20 % of the money I invested on Monday). Do I purchase more of Oceanic and Wapic(I still have N500,000 cash available)? Or do I sell off Wapic,Cornerstone at a loss and use the proceeds to buy FBN,GTB or UBA/UBN? I am not really worried about Oceanic but extremely worried about Wapic and Cornestone that my broker advised me to buy instead of Sky bank that I instructed her to buy when it was N16!

Please,help me out. I need to learn frm your wealth of wisdom, Thank you all.

[kenebobo]

Originally Posted by Tantan

Dear experienced forum members?
I finally purchased the following shares on Monday 16th June,2008:

a) Oceanic @N26

b)Wapic @N10.30

c)Cornerstone @N4.46

d)Int. Brewery @ N6.30


While checking the market yesterday (20th June),I noticed that Oceanic is now N21.34,Wapic-N7.81 and Cornestone @N3.65 respectively.

Even though,I am in the market for medium to long term,what do I do now especially if the market continue to fall(already,I have lost btw 15 to 20 % of the money I invested on Monday). Do I purchase more of Oceanic and Wapic(I still have N500,000 cash available)? Or do I sell off Wapic,Cornerstone at a loss and use the proceeds to buy FBN,GTB or UBA/UBN? I am not really worried about Oceanic but extremely worried about Wapic and Cornestone that my broker advised me to buy instead of Sky bank that I instructed her to buy when it was N16!

Please,help me out. I need to learn frm your wealth of wisdom, Thank you all.

I would advice you to hold the money you have left until there is a convincing sign that the market is about to recover. The fall in price may continue and if you buy you may continue to make losses. regarding the ones you bought I would advice you to hold on to them afterall some people bought them at more expensive rate than you. I bought intercontinental in may at 4.75 but I have some fear over wapic cos it may fall further.

[tonidol]

Originally Posted by Tantan

Dear experienced forum members?
I finally purchased the following shares on Monday 16th June,2008:

a) Oceanic @N26

b)Wapic @N10.30

c)Cornerstone @N4.46

d)Int. Brewery @ N6.30


While checking the market yesterday (20th June),I noticed that Oceanic is now N21.34,Wapic-N7.81 and Cornestone @N3.65 respectively.

Even though,I am in the market for medium to long term,what do I do now especially if the market continue to fall(already,I have lost btw 15 to 20 % of the money I invested on Monday). Do I purchase more of Oceanic and Wapic(I still have N500,000 cash available)? Or do I sell off Wapic,Cornerstone at a loss and use the proceeds to buy FBN,GTB or UBA/UBN? I am not really worried about Oceanic but extremely worried about Wapic and Cornestone that my broker advised me to buy instead of Sky bank that I instructed her to buy when it was N16!

Please,help me out. I need to learn frm your wealth of wisdom, Thank you all.

What was the d basis 4 your buy decision? Was it based on your analysis or relied on ur broker?

For me, no matter how solid fundamentals of any coy looks at the moment, l will not buy until l see a reverse in the market trend. that is me o!!!

I will advise you hold on until you at least recover your cost and you can then take a going forward decision. 4 me, l may only hold on to Oceanic even if all of them return to cost price. I don't normally buy brewery stock based on ethics.

[Tantan]

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

[Michael]

Originally Posted by Tantan

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

I will pick skye bank over every other stock you have named at current price followed by Dangsugar.

[billions]

Originally Posted by Tantan

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

I think dat dangote sugar is d best out of d 4.

[hispy99]

Originally Posted by Tantan

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

I would say DSR followed by GSK. The jury is still out on Cadbury regarding its turnaround. Dunlop I do not like just because of the importation of cheaper tyres into the country.

[Babs_O]

Don't miss out on Skye Bank. Ensure you Buy Some.
I also think IEI is a good insurance stock to add to your portfolio at this moment. It will do better than WAPIC or Cornerstone in the next 1 year at current sale prices.

[hispy99]

Originally Posted by Tantan

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

anything can happen in 3 months...I would suggest you start thinking more long term.

[threecrown]

Originally Posted by Tantan

Thanks everybody for your contributions.
Tonidol,my decision was based on broker's advise. Her reasoning was that Wapic and Cornerstone are two of the best insurance companies and that they would perform better than Skye bank within the next three months. Please,what do you think about the following stocks: Cadbury,GSK,Dunlop and Dansugar?

Tantan, i think you should appreciate the information provided on this forum more than that of your broker at times. Take time to study the thread of the stocks you are interest in and you will get detail history and up to date information to help you make a decison. Brokers are out to sell/offload what they have to make there comission from both sides. Know one can say when the downward trend will stop but i think you shoul buy in small bits of the actual guantity that you need until you we can see a change. However the stocks you have bought will do well on the long term.

[threecrown]

Originally Posted by Babs_O

Don't miss out on Skye Bank. Ensure you Buy Some.
I also think IEI is a good insurance stock to add to your portfolio at this moment. It will do better than WAPIC or Cornerstone in the next 1 year at current sale prices.

I dont know much about cornerstone, but my top sticks in insurance are, Mbenefit, Standard alliance, IEI, Aiico, Wapic, crusader and Lawunion.

[Tantan]

Dear all,
Please,how long do I hold on to Wapic shares that I bought recently for
N10.30 and as at today the price is N7.30(30% loss in less than two weeks!!!). I purchased 50,000 units and have lost at least N150,000 if I have to sell it tomorrow.

Do I sell it off to buy Regal insuance shares,Mutual benefit or Unic shares? Or do I buy more of Wapic in order to bring down my average cost? I don't mind holding on for the next three months but need to be sure that I am making the right decision.

All contributions are welcome. Thanks

[olobade]

Originally Posted by Tantan

Dear all,
Please,how long do I hold on to Wapic shares that I bought recently for
N10.30 and as at today the price is N7.30(30% loss in less than two weeks!!!). I purchased 50,000 units and have lost at least N150,000 if I have to sell it tomorrow.

Do I sell it off to buy Regal insuance shares,Mutual benefit or Unic shares? Or do I buy more of Wapic in order to bring down my average cost? I don't mind holding on for the next three months but need to be sure that I am making the right decision.

All contributions are welcome. Thanks

Sell Ke? Wapic is not alone. This is the time you should buy more stocks. I bought Oceanic@31 b4 and more@22 last week, also diamond@21.50 and last week @15.50.

You can use the current market situation to judge any stocks.

My own judgement is that stocks that responds to bear also do same to bull but some stocks 'tanda gidigba' whether in bearish or bullish period.

Those stocks are not for me at all.

[kenebobo]

Originally Posted by Tantan

Dear all,
Please,how long do I hold on to Wapic shares that I bought recently for
N10.30 and as at today the price is N7.30(30% loss in less than two weeks!!!). I purchased 50,000 units and have lost at least N150,000 if I have to sell it tomorrow.

Do I sell it off to buy Regal insuance shares,Mutual benefit or Unic shares? Or do I buy more of Wapic in order to bring down my average cost? I don't mind holding on for the next three months but need to be sure that I am making the right decision.

All contributions are welcome. Thanks

I would say it is too late to sell as you are losing 30%, just hold on to it.