Pretty much everyone wants to make funds in the stock marketplace. But lack of expertise of what it requires to be productive in stock investing has discouraged several men and women from fulfilling their investment and monetary aspiration. It is for that reason imperative to X-ray this text entitled “The Nigerian Stock Marketplace and You: The Smartest Ways to Play” to offer necessary guide to such persons.
It is written by Moses Onyebuchi, a stock market place analyst and inspirational speaker who has the vision of teaching men and women good results principles that will guarantee enduring achievement in life. Onyebuchi is a graduate of Economics from the University of Nigeria Nsukka (UNN), Nigeria and offers monetary and investment advisory solutions.
According to Onyebuchi, this book has been written to liberate investors from monetary bondage. He says it is vital in stock investing that investors have a clear understanding of what they are undertaking with their funds. It is these investors that definitely do their homework that succeed as effective investing requires time, beginning capital, knowledge and skill and determination, educates Onyebuchi.
He advises that for you to obtain an edge over other investors, you will have to read stock investing books. The author stresses that you do not have to wait until you have a lot of funds or the market place is bullish before you read about the stock market. Onyebuchi says at times the best time to study the market is when no one else is interested.
The author assures that this book is wealthy in top quality details that will transform your life, starting with the overview of the Nigerian capital market place, the operations of the market, the guiding guidelines to investing in the capital industry, profitable investor secrets, prevalent investor mistakes, and so forth. He expatiates that the book has precise objectives of supplying salary earners with an additional source of earnings guiding retiring personnel on stress-totally free and high-return investment solutions disclosing ways of responding to modifications in the Nigerian stock marketplace, etc.
The book has 12 chapters. Chapter one particular is christened “Overview of the Nigerian stock industry”. According to Onyebuchi, the Nigerian stock market is a specialised market place exactly where shares are purchased and sold a industry where long-term funds are sourced by way of equities and debt instruments. He says these instruments are subsequently traded openly in the stock industry and they involve shares, bonds, industrial loans, derivatives, etc.
This author educates that the Nigerian capital marketplace is divided into primary and secondary markets. The Nigerian main industry, according to Onyebuchi, is that which secures funds for the initial issuers of shares. That is, the market place delivers an avenue for firms seeking fresh funds to raise such with the aid of an application kind issued by the issuing house on behalf of the issuers – the businesses.
Onyebuchi explains that the secondary marketplace is that for trading of shares listed on the stock exchange. He says this industry is the hub of the capital industry because it is the marketplace in which members of the industry, that is, the stockbrokers invest in and sell stocks of firms or government. The presence of the secondary marketplace for trading shares tends to make investment through key marketplace beautiful considering the fact that shares bought in the key market can be sold in the secondary market place easily, discloses the author. He adds that no investor is permitted to transact small business on the floor with no going by means of a stockbroker.
Chapter two is primarily based on the subject matter of the operations of the Nigerian stock market and its operators. According to the author, the Nigerian Stock Exchange supplies the trading floor for equities in the Nigerian capital market. In his words, “The Nigerian Stock Exchange regulates the activities of market operators by making sure orderliness and sanity in the market place and also ensures that quoted corporations comply with post-listing specifications.”
Chapter 3 is entitled “Guide to investing in the capital market”. According to the author, now, there are quite a few causes why a single would invest in the capital marketplace. He adds that the intention may possibly differ from a single investor to a different, stressing that the investment objectives would ascertain the sort of stocks to either purchase or sell, the quantity to be held and for how long.
The author says before investing in the capital market whether or not as a potential or current investor, you require to think about your investment philosophy initially make a written set of guidelines know your risk tolerance trade with self-confidence and be patient. As regards the enterprise you want to invest in, Onyebuchi advises that you require to take into account its superior earning growth exceptional management worth creation accrued advantages and overall performance indicators.
In chapters four to eight, Onyebuchi analytically X-rays concepts such as understanding stock industry vocabulary crucial techniques to be profitable in the stock market strategies to drop money in the Nigerian stock industry how to study and fully grasp the stock table and designing a diversified portfolio.
Chapter nine is based on the subject matter of weighty points investors have to have to note. Right here, the author says an investor depositing his or her share certificate with the Central Securities Clearing Technique (CSCS) for the 1st time is expected to fill the shareholder’s particulars form. He adds that with this, two numbers are assigned, the clearing house number and the investor’s account quantity with the stockbroking firm. Onyebuchi explains that the latter ties the investor to the stockbroking firm even though the former ties the investor to the CSCS.
In chapters 10 to 12, Onyebuchi beams his intellectual searchlight on concepts such as fraud in the Nigerian stock marketplace causes, effects and repositioning of the Nigerian stock market place crash and regularly-asked inquiries by investors.
Stylistically, this text is okay. In Project Topics of the technicality of the subject matter, the language is nonetheless understandable, specifically that technical words are contextually explained. Onyebuchi makes use of graphical embroidery to visually improve readers’ understanding. The outer front cover style is suggestive of the all round topic matter. The layout of the book is eye-friendly, with emphatic messages boxed for visual distinction. To fulfill academic or intellectual obligation of supply disclosure for the objective of credibility, bibliography is incorporated at the finish of the book. Major points of each and every chapter are equally summarised at the starting to make certain quick study.