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).
A company having strong earnings doesn't actually means it is growing. It may be as a result of lack of innovation or it may be the problem of the whole sector.
A company having strong earnings doesn’t actually means it is growing.
It may be as a result of lack of innovation or it may be the problem of the whole sector.
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).
See lessWhat Are the Best 5 Stocks to Trade With High Growth Potential?
MTN Aradel Wapco Conoil
MTN
Aradel
Wapco
Conoil
See lessWhy Do Stocks With Strong Earnings Experience Long-Term Price Stagnation?
A company having strong earnings doesn't actually means it is growing. It may be as a result of lack of innovation or it may be the problem of the whole sector.
A company having strong earnings doesn’t actually means it is growing.
It may be as a result of lack of innovation or it may be the problem of the whole sector.
See lessCan Nigerians Living Abroad Buy Shares on the Nigerian Stock Exchange Using Investment Apps?
Yes its absolutely possible, through Iking Ferry Facebook page, i was able to set up my Investnaija account successfully and i don't live in Nigeria
Yes its absolutely possible, through Iking Ferry Facebook page, i was able to set up my Investnaija account successfully and i don’t live in Nigeria
See less