HOW TO INVEST IN THE NIGERIAN STOCK EXCHANGE MARKET PT1- START MAKING MILLIONS

For many people, investing in shares can be a very complicated process, but it can be made easy with a little help from professionals, udeozochibuzo Blog writes
saving money and investing are part of steps that are often talked up by financial experts when asked to give tips that can lead to financial freedom.
When it comes to investing one option that is hardly left out is investing in stocks. However, not too many people are keen about dealing with all the figures they believe they will have to face if they invest in stocks. And then there are the terms they have to deal with – dividend, ordinary shares, percentages and money in kobo.
Experts, however, say that the apprehension by many people is unnecessary as with the help of professionals it is a great avenue through which people can put their money to work. Also, the process is not as complicated as it is often taken to be.
Getting started-the first step people should take when they decide to invest in stocks, having saved money for the purpose, is to get a good stockbroking firm they would then be able to open an account with the Central Securities Clearing System, which in turn would make it possible for them to buy stocks, people cannot go out and buy (stocks) on their own; they must go through a stockbroking firm. If you are buying from the primary market, that is the one that the company advertises directly, in filling the forms, they must state the name of their stockbroking firm and their CSCS account number. For the secondary market, they must inform their stockbroker, who will then go to the stock exchange and buy for them on a daily basis.”
Anytime a stockbroker wants to buy stocks – either equity or bonds, for an investor, they must be bought into that investor’s CSCS account. Anytime we trade on the floor of the Nigerian Stock Exchange, the accounts that are used in trading, where the stocks settle into are CSCS accounts. So, investors must have CSCS accounts.”
Trading Costs-Commissions and fees are assessed on a sliding scale that is standard across all brokers. For transaction amounts less than N1,000,000 (roughly $6,350.00) you will pay 1.86% when purchasing a stock and 2.19% when selling one. For larger transactions, commissions and fees total 1.49% of the total transaction value to buy and 1.82% of the total transaction value to sell.(Stay logged onto http://www.udeozochibuzo.wordpress.com for PT2 of this post)

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16 Responses to HOW TO INVEST IN THE NIGERIAN STOCK EXCHANGE MARKET PT1- START MAKING MILLIONS

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  2. Suxes says:

    Hi all! My name is Success and I work as a Research Analyst at Heritage Capital Markets Ltd. There’s money in the capital market but as an individual, I usually encourage short term trading to my clients. I once had a client who had issues investing in penny stocks. She was just used to trading on high cap stocks. Somehow, I was able to convince her into buying shares of Fidson and HonyFlour. In less than 6 months, she had made more than double what she invested the kind of money she would not have been able to make if she had taken it to the bank for the same time frame. For further inquiries, feel free to call 07081181586. It’s good to be a player in the stock market.

  3. Suxes says:

    Hi all! Just stumbled on this. My name is Success and I work as a Research Analyst at Heritage Capital Markets Ltd. For short term trading in the stock market which I advise most people to go for, you can make quick cash before you even realize it. A client of mine bought some units of HonyFlour and Fidson some months back. She was at first reluctant to do such cos she usually trades on high cap stocks so trading on penny stocks became an issue for her. To cut the long story short, in less than 6months, she had made over double of what she put into it. Money I’m sure your bank can’t pay u in d next 2 years. For further inquiries, feel free to call 07081181586. It’s really cool to be a player in the market.

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  11. Awesome!! I have been rocking it in the equities markets over the last couple of weeks. There has been too many winning stocks to pick from and many of them have gone up. Better jump in while you can!

  12. I am blown away by how much I’ve earned from this mico stock investment technique. Completely unbelievable!!

  13. stockbull says:

    the market requires skills and do not think everybody would succeed in the market. Try to learn before you invest in the nigeria stock exchange.

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