Celaunds.com

Tech which makes Sense

Almost everyone wants to make money in the stock market. But a lack of knowledge of what it takes to be successful in stock investing has discouraged many people from fulfilling their financial and investment aspirations. Therefore, it is imperative to X-ray this text titled “Nigeria Stock Market And You: The Smarter Ways To Play It” to offer the necessary guidance to such people.

It is written by Moses Onyebuchi, a stock market analyst and inspirational speaker who has a vision of teaching people the principles of success that will ensure lasting achievements in life. Onyebuchi graduated with a degree in Economics from the University of Nigeria Nsukka (UNN), Nigeria, and provides investment and financial advisory services.

According to Onyebuchi, this book has been written to free investors from financial shackles. He says it’s important in stock investing that investors have a clear understanding of what they’re doing with their money. It is those investors who really do their homework who are successful, as a successful investment requires time, initial capital, knowledge and skill; and determination, educates Onyebuchi.

He advises that in order for you to get an edge over other investors, you should read stock investing books. The author emphasizes that he doesn’t have to wait until he has a lot of money or the market is bullish before reading about the stock market. Onyebuchi says that sometimes the best time to study the market is when no one else is interested.

The author assures that this book is rich with quality information that will transform your life, starting with the overview of the Nigerian capital market, the operations of the market, the guiding rules for investing in the capital market, the secrets of investors successful, the common mistakes of investors. , etc. He goes on to say that the book has the specific goals of giving wage earners an additional source of income; guide retiring employees on high-return, stress-free investment options; reveal ways to respond to changes in the Nigerian stock market, etc.

The book has 12 chapters. Chapter one is christened “Overview of the Nigerian Stock Market”. According to Onyebuchi, the Nigerian stock market is a specialized market where shares are bought and sold; a market where long-term funds are obtained through shares and debt instruments. He says these instruments are later traded openly on the stock market and include stocks, bonds, industrial loans, derivatives, etc.

This author reports that the Nigerian capital market is divided into primary and secondary markets. Nigeria’s primary market, according to Onyebuchi, is what secures the funds for initial issuers of shares. That is, the marketplace provides an avenue for companies looking for new funds to raise them with the help of an application form issued by the issuing house on behalf of the issuers – the companies.

Onyebuchi explains that the secondary market is the trading of shares listed on the stock exchange. He says that this market is the axis of the capital market because it is the market in which the members of the market, that is, the stockbrokers, buy and sell shares of companies or the government. The presence of the secondary market for stock trading makes investing through the primary market beautiful, as shares bought on the primary market can easily be sold on the secondary market, the author reveals. He adds that no investor can trade on the floor without going through a stockbroker.

Chapter two is based on the topic of Nigerian stock market operations and its traders. According to the author, the Nigerian Stock Exchange provides the trading floor for shares in the Nigerian capital market. In his words, “The Nigerian Stock Exchange regulates the activities of market operators by ensuring order and sanity in the market and also ensures that listed companies meet post-listing requirements.”

Chapter three is entitled “Guide to investing in the capital market.” According to the author, today there are many reasons why one would invest in the capital market. He adds that the intention can vary from investor to investor, emphasizing that investment objectives would determine the type of shares to buy or sell, the amount to hold, and for how long.

The author says that before investing in the capital market, either as a potential or existing investor, you should first consider your investment philosophy; create a written set of rules; know your risk tolerance; Trade with confidence and be patient. When it comes to the company you want to invest in, Onyebuchi advises that you should consider its superior earnings growth; excellent management; value creation; higher benefits and performance indicators.

In chapters four through eight, Onyebuchi analytically discusses concepts such as understanding stock market vocabulary; key ways to succeed in the stock market; ways to lose money in nigerian stock market; how to read and understand the table of values; and the design of a diversified portfolio.

Chapter nine is based on the topic of weighting points that investors must take into account. Here, the author says that an investor who deposits his share certificate in the Central Securities Clearing System (CSCS) for the first time is expected to fill out the shareholder data form. He adds that with this two numbers are assigned, the clearinghouse number and the investor’s account number at the brokerage house. Onyebuchi explains that the latter links the investor to the stock brokerage firm, while the former links the investor to the CSCS.

In Chapters 10-12, Onyebuchi shines his intellectual spotlight on concepts such as fraud in the Nigerian stock market; Causes, Effects and Repositioning of the Nigerian Stock Market Crash; and frequently asked questions from investors.

Stylistically, this text is fine. Despite the technicality of the topic, the language is still understandable, especially since the technical words are explained contextually. Onyebuchi uses graphic embroidery to visually enhance readers’ comprehension. The design of the outer cover suggests the general theme. The book’s design is easy on the eye, with emphatic messages framed for visual distinction. To comply with the scholarly or intellectual obligation to disclose the source for credibility purposes, a bibliography is included at the end of the book. The main points of each chapter are also summarized at the beginning to ensure easy study.

However, some errors are noted. One of them is “Acknowledgment” (page vii), instead of “Acknowledgments.” Others are: “The latest binds the investor…” (page 177) instead of “The latest binds the investor…”; “To enable you to protect…” (page vi) instead of “To enable you to protect…”, etc.

Overall, this text is a treasure trove of stock investing knowledge, specifically how to invest successfully in the Nigerian stock market. It is a must-read and a must-read for anyone prepared to achieve tremendous success investing in stocks in Nigeria. It is intellectually irresistible.

Leave a Reply

Your email address will not be published. Required fields are marked *