Wealth With Prosperity

Not financial advice. I share my personal investing journey | NGX investor | New YouTube videos every Monday | Get my ebook 👇

[Wealth With Prosperity @WealthWithPro]

How I Screen a Stock

67% of you said picking what to invest in is the hardest part.

Here's my actual process, no theory, just what I check before I put money into anything:

1. Can I explain the business in one sentence?

If I can't explain what the company actually does and how it makes money without jargon, I don't understand it well enough to hold it through a bad quarter.

2. Is the earnings growth real or one-off?

I check if profit growth is coming from the core business (sales, margins) or from something that won't repeat (asset sale, FX gain, tax credit).

One-off gains make headlines look better than the business actually is.

3. What's happening to margins over time?

Rising revenue with shrinking margins tells a different story than rising revenue with expanding margins.

I want to see the company getting more efficient, not just bigger.

4. Can I stomach the worst realistic case?

Before I buy, I ask what happens if I'm wrong.

Not "if it drops 5%", if the thesis is actually wrong.

If that scenario would make me panic-sell, the position is too big or I don't believe in it enough.

5. Do I actually want to hold this for years, or am I chasing a move?
This is the one that kills more people than bad analysis does.

A great company bought for the wrong reason because it's "moving" gets sold for the wrong reason too because it stops moving.

None of this is complicated.

It's just slow, unglamorous, and boring, which is exactly why most people skip it and go straight to "what's the next stock that's about to run."

Not financial advice - just sharing my personal investing journey.

Every naira is a brick 🧱

[Wealth With Prosperity @WealthWithPro]

@AlfaAdam001 Appreciate it 🙏

Different structure from mine, but the test is the same.

know why you own it, and what would make you change your mind.

[Wealth With Prosperity @WealthWithPro]

@gee_engr The “rightful owner” is the one who isn’t forced to sell

Same red day, different outcomes. Someone with an emergency fund holds.

Someone without one sells to cover a bill.

That’s why I keep the cash buffer separate from the portfolio.

[Wealth With Prosperity @WealthWithPro]

Credit debate aside, the number retail cares about is what it did to their own accounts

Market cap went from under ₦100tn at the start of 2026 to about ₦160tn now.

How much of that is policy, flows or earnings is the part to separate.

I track the earnings and dividends of what I own

[Wealth With Prosperity @WealthWithPro]

@TomolaGroup The question many investors overlook

I documented mine: what I own, where it’s held, and who to contact.

No account numbers. Just a clear map.

Because wealth you leave behind should be wealth your family can actually find and claim.

Build wealth. Document it. Protect it.

[Wealth With Prosperity @WealthWithPro]

@abalu_uthman Red days like this test the plan, not the portfolio

I’ve had them too. The question I ask is whether anything changed in the business, or only the price.

If not, I hold and keep reading the numbers. Standing with you.

[Wealth With Prosperity @WealthWithPro]

What’s a depositary receipt?

A certificate that represents shares of a company listed in another market, and it trades in your market.

The SEC’s new 10-year plan includes an African version -
easier cross-border listings, simpler approvals, cross-border settlement links.

What it could mean for us:
- More companies to choose from on one exchange
- More companies asking for the same investor money

Two names I hold are already cross-listed: GTCO and Seplat.

It’s a proposal, not a rule yet. No dates given

[Wealth With Prosperity @WealthWithPro]

@darryvouge Agree, with one catch
Intrinsic value is an estimate, not a fact.

Change the growth rate or the discount rate a little and the answer moves a lot.

So I treat it as a range, and check it against what the company actually pays out in dividends.

[Wealth With Prosperity @WealthWithPro]

A ₦122 stock can belong to a bigger company than a ₦160 stock.

Why? Share price is not company size. Market cap is.

Market cap = Share price × Total shares outstanding.

* GTCO at ₦122: ~₦4.5tn market cap
* Stanbic at ₦160: ~₦2.5tn market cap
Lower share price. Nearly 2× the market value.

This is why saying “₦5 is cheap, ₦500 is expensive” makes no sense on its own.

What matters is what you’re paying relative to earnings, dividends, growth and the value of the business.

A share price tells you the cost of a slice, not the size of the pie.

[Wealth With Prosperity @WealthWithPro]

Same market, two reads

Yesterday at midday: ASI flat, ₦6.69bn traded.

At the close: ASI −0.32%, 38 down vs 20 up, ₦23.5bn traded.

Most of the day's value traded after midday.

A midday read tells you very little.

I check the close before I change my mind about anything.

[Wealth With Prosperity @WealthWithPro]

FTSE update, one month in

Nigeria's back in the Frontier index since Sept 21. 31 stocks eligible.

The forecast → Cordros put inflows at $840m–$1.04bn.

The record so far → foreign net outflow every month from Jan to Jul.

July foreign share of turnover: 5.6%, the lowest of 2026.

ASI hit 250,157 on Sept 21.

Yesterday: 245,116. About 2% below the record.

Eligibility isn't capital. The number I'm waiting for is the first month of net foreign inflow in NGX's report

12 of my core holdings are on that list, so I'm reading the data, not the headline.

[Wealth With Prosperity @WealthWithPro]

Midday said flat. The close didn’t

12:30 → ASI flat, 18 up / 18 down, ₦6.69bn traded

Close → ASI 245,116 (−0.32%), 20 up / 38 down, ₦23.5bn traded

About 70% of the day’s value traded after midday.

A midday read tells you very little.

New weekly low, under Monday’s 245,278.

I hold Access. It closed −6.1% at ₦26.10.

One day of price doesn’t change the business, so I’m checking the filings, not the screen

[Wealth With Prosperity @WealthWithPro]

@Officially_Kriz Hahaha, take it easy bro

[Wealth With Prosperity @WealthWithPro]

@jskay7 Waiting on limits, not chasing
A red screen isn't my trigger.

My plan and the order book are.

Today that meant watching. Some days it means an add.

[Wealth With Prosperity @WealthWithPro]

Close check

Three sessions since Monday’s ₦1.47tn drop:

→ Mon: 245,278 (weekly low)
→ Tue: 245,911 (+0.26%)
→ Wed: flat at midday, 18 up / 18 down

The index barely moved. Underneath, my core names are down 4–5% over 7 days (Dangote Cement, NGX Group, Stanbic, GTCO, Zenith).

Flat index, red heavyweights

[Wealth With Prosperity @WealthWithPro]

The 2027 election could be part of the equation, but I wouldn’t blame it alone.

For NGX, foreign capital also looks at FX repatriation, settlement efficiency, liquidity and actual index-tracking demand.

FTSE status opens the door. It doesn’t guarantee money walks in immediately.

The real question is: where is the evidence of sustained foreign inflows?

[Judah Invests @ThatJuDaH]

Seems that FTSE Russell was overhyped 🤨

[Wealth With Prosperity @WealthWithPro]

Midday NGX

ASI flat → 18 up, 18 down.

₦6.69bn traded so far. Quiet.

But flat today hides the week. 7-day moves on names I hold:

→ Dangote Cement −5.5%
→ NGX Group −5.3%
→ Stanbic −4.8%
→ GTCO −4.5%
→ Zenith −4.1%

I'm not trading a week. I'm watching whether earnings and payouts change, not the screen.

[Wealth With Prosperity @WealthWithPro]

@vince_koi I hold NGX Group, and I watch earnings and payout more than a price band

The share price moves with sentiment.

The business side is what I can actually track.

[Wealth With Prosperity @WealthWithPro]

@AngelaNewton_ The math holds. The part you control is the ₦25K every month.

The 18% is the assumption.

Same plan at 10% is roughly ₦10m.

Still a good outcome, so build it on the habit, not the return.

[Wealth With Prosperity @WealthWithPro]

@AccentInvesting Line 3 is where most people fail

Investing the difference is easy.

Leaving it alone while the screen is red is the real test.

Reinvesting my dividends is what makes that automatic for me.