MAKE YOUR CASH OFF THE STOCK MARKET (ASSET INVESTMENT)

“If you are not investing in stocks, it would be better for your two hands and legs be tied and you cast into a dungeon” – BILL GATES

In today post which is into how to make/create an asset out of stock market, Nigeria (the land of opportunities) is our perfect market to use with various ways to go about it explains in full details. So fasten your seat belt!

The NSE (Nigeria Stock Exchange) which was established in 1960 and currently has about 200 listed companies with a total market capitalization of about #12.88trillion ($80.8billion) is reckoned to be the most viable in West Africa and those who have the heart of investment coupled with right information are reaping from it even the lowest cadre person you could ever think of.

“NSE is an asset making enterprise everyone with investment heart can tap into; I know majority of people are much familiar with Initial Public Offers (IPO) and Public Offers (POs) which are also good investment and likewise asset on a very long run term. When we are talking of big returns/windfall on investment then one should consider stocks which can be found in NSE.

HOW TO GET STARTED

Whoever you are, not minding your class or pocket (cash) wanting to invest in stocks as means of live hood, securities or asset; first thing to do is to lay your hands on a registered and reliable stock broking firm to open “IN-HOUSE or STOCK TRADING ACCOUNT”. This stock broking firm are the ones to assist you with the buying and selling of shares daily on the floor of NSE.

                Hmmm, I know you might want to start asking where to find these stock broking firm. Start your research here Click here to start your search on these stockbroking firms (registered and reliable firms)

NOTE: Before you can start operating and ordering for stock likewise opening of stock trading account, it is mandatory to have a CSCS (Central Securities Clearing System) account. Do not worry here in thinking where to open this account. The stock broking firm you choose is the one that will forward your personal data to the CSCS for necessary account generation.

CSCS is the clearing and settlement house of Nigeria Stock Exchange who facilitates the delivery (transfer of shares from seller to buyer) and settlement (payment of bought shares) and other activities performed on behalf of the investor (YOU).

To place an order for stocks, the investor would be required by his stock broker to fill a mandate form and append his signature on it.

HOW MUCH IS NEEDED TO GET STARTED

I know that is the question at opt most part of your heart while you reading this piece. Considering the great asset this investment is, then I guess it should require a huge sum of money to get started! Right? Alas, that is not the case!

At this junction, let me point out that acceptable minimum deposit required to open a stock account by investors varies with the stock broking firm concerned likewise the commission they charge for their services.

Some big time stock broking firms require that you open a stock account with them with 1million naira or more. Note that the 1million is still yours; it will be used to buy shares for you when you start trading after all documentation for trading have been carried out including opening of the CSCS account.

BUT I DON’T HAVE UP TO A MILLION NAIRA?

Did I hear you asking this question? Relax! Don’t sweat! Even if you don’t have up to a million naira, you can still kick-start your asset making investment career. There are smaller firms that could open an account for you with #10,000 - #50,000 once you have fulfilled their requirements.

On the final note, you have to develop a sort of personal relationship with your stockbroker (the person/ people assigned to your portfolio). Make him/her your friend so that he will have your interest at heart.

As you can see, there is no hard and fast rule as regarding investing in stocks when you have the right information. Come to think of it, there is no wealthy man (Bill Gates, Warren Buffet, Carlos Helu Slim etc) in this world that is not into stock despite their wealth. So how much do you have that is enough?  

I will end my asset piece with this quote “How many millionaires do you know who have become wealthy by investing in saving accounts? I rest my case” – ROBERT G ALLEN

Looking forward to your success likewise your questions, comments and opinion, always welcome.

Follow us on Facebook  on www.facebook.com/keacplatform

Follow me on Twitter  on www.twitter.com/Iam_kingopey