As a beginner, you can start your stock market journey by: 1. Opening a brokerage account: There are different stock brokers, e.g Investnaija, Afrinvest, Trove, Chaka, Bamboo, e.tc. 2. Fund your brokerage account. It is imperative to know that each broker app has their commissions. It is usually a lRead more
As a beginner, you can start your stock market journey by:
1. Opening a brokerage account: There are different stock brokers, e.g Investnaija, Afrinvest, Trove, Chaka, Bamboo, e.tc.
2. Fund your brokerage account. It is imperative to know that each broker app has their commissions. It is usually a little sum. Meanwhile, for Bamboo app, the minimum amount you can trade with is 5,000 thousand naira.
3. Check the total debt and net debt of the company before buying its shares. This shows the financial health of the company.
4. Select the company you want to invest in and buy the stocks.
As a beginner, it is imperative to start with blue-chip stocks. They are large, strong, popular and also pay dividends. They are less likely to collapse suddenly.
5. Identify the Registrar of the stock you have bought, fill the e-dividend mandate form so you can receive dividends once it’s declared and paid.
Meanwhile, your eligibility to receive dividends depend on buying stock before or on the ex dividend date (qualification date).
How Can a Beginner Start Buying Stocks and Investing for the First Time?
As a beginner, you can start your stock market journey by: 1. Opening a brokerage account: There are different stock brokers, e.g Investnaija, Afrinvest, Trove, Chaka, Bamboo, e.tc. 2. Fund your brokerage account. It is imperative to know that each broker app has their commissions. It is usually a lRead more
As a beginner, you can start your stock market journey by:
1. Opening a brokerage account: There are different stock brokers, e.g Investnaija, Afrinvest, Trove, Chaka, Bamboo, e.tc.
2. Fund your brokerage account. It is imperative to know that each broker app has their commissions. It is usually a little sum. Meanwhile, for Bamboo app, the minimum amount you can trade with is 5,000 thousand naira.
3. Check the total debt and net debt of the company before buying its shares. This shows the financial health of the company.
4. Select the company you want to invest in and buy the stocks.
As a beginner, it is imperative to start with blue-chip stocks. They are large, strong, popular and also pay dividends. They are less likely to collapse suddenly.
5. Identify the Registrar of the stock you have bought, fill the e-dividend mandate form so you can receive dividends once it’s declared and paid.
Meanwhile, your eligibility to receive dividends depend on buying stock before or on the ex dividend date (qualification date).
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