- Investing can be as easy as ABC, especially when it is done right. If you are new to investing or just looking for a refresher course, this article will guide you into making the right calls like the best investors out there.
1. Create a Watchlist: a watchlist is like a vision board. It helps you identify all the potential stocks that you are or may be interested in.
How to create a watchlist?
· Make a list of companies that you hear frequently on the news that are listed on the Nigerian Exchange.
· Make a list of companies that you like that are listed on the Nigerian Exchange
2. Learn the Essentials by Searching for information: there are a few things you need to know such as:
· What does the company do?
· What is their major income source?
· Who are their competitors?
· How has the stock price performed?
· What are analysts and market players saying about the stock?
3. After step 1 and 2 have been properly executed you can now proceed to opening a stockbroking account on I-invest and clicking on the buy button.
Some advice
· Buy only companies that you have sufficient information about.
· Have a plan and time frame before buying. Example: I expect to make 18% return in the next 3 months.
· Have a stop loss. Example: If the value of the stock declines by 8%, I will cut my losses and buy another stock.
· Monitor the performance of the stock daily
4. Keep up with the news and research publications about the stock market. You can also sign up for the daily newsletters and periodic publications: this will give you all the necessary information to make the best decisions.
At Parthian Securities, we encourage everyone to take ownership of their financial life by asking questions and getting information that matters.
Our research and insights bring you information that fosters smart decision-making because we believe that the best outcomes in life come from being fully informed.
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