If you’ve lost money in the NGX in the last few weeks, here’s what actually happened and still happening.
A lot of people walked into NGX market when it was already trading at a premium. At the top, after the rally had done the heavy lifting. This is the pattern, every single time.
Smart money enters early, quietly, before it’s a story.
Timelines fill up with green portfolio screenshots.
First time investors and the FOMO crowd piles in late, chasing highs.
By then, valuations are stretched, P/E’s are ahead of fundamentals, and the cheap entry is long gone.
Then market corrects. Early movers take profit. Late entrants panic sells or hold the bag.
If that’s you right now, staring at red, you didn’t necessarily pick bad stocks. You picked the wrong entry point. Those are two very different problems.
Don’t buy the noise. Buy the value. NGX will give you another entry point but the question is will recognize it when it comes?
Listen to Ibukun Awosika, she gave a perfect explanation of NGX market right now.
Watch till the end.
"I laughed over the Ycee 'Olodo Uprising' topic, not because I found it funny, but because he was identifying something in his time. However, he was seeing the latter stage of something that started in my own generation when I was probably his age.
I spoke about weaponized ignorance for the first time in 1994 when I wrote a piece on it. He is identifying the same phenomenon. The 'Olodo Uprising' was fathered by weaponized ignorance."
— Dele Farotimi
INSTEAD OF WATCHING AN HOUR OF NETFLIX TONIGHT.
This 1 hour Stanford lecture by Joel Peterson will teach you more about negotiation and getting what you want than most people learn in years.
Bookmark it and give it an hour, no matter what.
Creative writer and booktok creator says Chinua Achebe’s paragraph in “Things Fall Apart” is the greatest paragraph ever written in world literature. This guy is far from being an olodo uprising 😭 This is a solid content.
#darkcirclesundertheeyes#chinuaachebe
Dr Joshua Maponga Criticises African Men’s Obsession With Football
Are you obsessed with football clubs and artificial nails?
Author and philosopher Joshua Maponga has some harsh words of criticism for chronically distracted African men who obsess over trivialities while a few of their counterparts lead productive liberation struggles to beat back continued colonialism on our continent.
Do his words anger or inspire you? Let us know in the comments.
For more like this, follow The Spearhead.
Knowledge tells you what to do but wisdom tells you when , where and whether to do it or not .
Many have knowledge but few have wisdom .
Watch this video and choose wisdom because it pays !