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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. |
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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. |
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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...
__________________
The Knight of Delta "I'd rather be vaguely right than be precisely wrong" - John Maynard Keynes |
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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. |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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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?
__________________
The Knight of Delta "I'd rather be vaguely right than be precisely wrong" - John Maynard Keynes |
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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. Last edited by Tantan; 21st June 2008 at 12:36 PM. Reason: spelling mistake |
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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. |
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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? Last edited by Tantan; 21st June 2008 at 05:59 PM. Reason: Additional question. |
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__________________
"It's only when the tide goes out that you learn who's been swimming naked." Warren Buffett |
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I think dat dangote sugar is d best out of d 4.
__________________
The secret of stock investment lies in the ability of the stock investor to hybridize the growth and value theories of stock analysis-by billions. |
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__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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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.
__________________
The standard of living of any society is based on the goods and services available therein. The result of business ventures. My prayer is for God's mercy to save us from the hands of Nigerians who come to leadership positions to set the country backwards. |
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anything can happen in 3 months...I would suggest you start thinking more long term.
__________________
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes |
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I dont know much about cornerstone, but my top sticks in insurance are, Mbenefit, Standard alliance, IEI, Aiico, Wapic, crusader and Lawunion.
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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 |
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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.
__________________
afo. "Success is the ability to go from one failure to another with no loss of enthusiasm." |
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