Here is how you start investing in stocks, both for Nigeria and US companies.
I have been receiving questions about this lately in the comments section of my posts and inbox.
So I want to answer this once and for all.
First, you need to create an account/profile with a legit stock broker. There are many of them out there, but off my head, I can think of the popular ones...
- Bamboo
- Afrinvest
- Risevest
Get them on Play Store if you are android, or App Store for iPhone users.
Follow the normal process of creating an account, do KYC, fund your wallet and start your investment journey.
You can do it by yourself.
Or if you're stuck on the process, you can go to YouTube for a video guide...
In many of Nigeria's biggest listed companies, the founder owns 80 to 90% or more.
That means the shares actually trading in the market are a thin slice of the whole.
When the float is that small, a little buying or selling can swing the price hard.
This is why some NGX stocks look wildly volatile. It is not always the business changing. It is the small pool of shares being pushed around.
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Kindly share with your friends who might be interested.