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Photo credit: entrepreneurfail According to research, very few people are successful at anything at first. I included. The reason only a tiny percentage of the population achieves any significant success or wealth through stock is that few are willing to go through the process of what it takes to achieve in the stock market, and there is no shortcut. In fact, everybody has to go through four levels of learning every single time, and often, in the process - fail, regroup and begin again. Most people blame others like government policies, currency fluctuation, political instability, the election for stopping their progress, but in truth, there's only one person who can put on the parking break and that person is YOU. Furthermore, many people drive around with the break on without knowing it, or once awareness arrives, don't know how to lif...
Market Update for Week Ended July 13 and Outlook for July 16-20 A deeper look into the performance of Nigeria’s stock market and the happenings in the socio-political environment, particularly the crisis of confidence remains the major driver of the prolonged downturn. This began with profit booking that dovetailed into sell-offs that dominated the markets as revealed by the recent price action in major asset classes, economic data, price movers and volume traded. The two weeks of consecutive decline in the second half of the year, ahead of Q2 earnings reporting season was due to the political tension in the weeks leading to the July 14, 2018 Ekiti State governorship election. Add this to the insecurity in the middle-belt region, where herdsmen are sacking farmers with the government seemingly complacent and helpless. With the Ekiti State governorship election over and Dr. Kayode Fayemi declared duly elected, that of neighbouring Osun State would follow in the coming month, a...
It’s true that for investors to invest successfully in any market in the world, he or she must understand the big picture of the economy and stock market dynamics to succeed and grow wealth. The top wealthy men of today that had made fortunes in equity investment are those that recognize the long term nature of the stock market and also know the appropriate keys with which to play the game profitably. The big picture gives an idea on how all the facet of the economy work together to influence the market and the share prices of quoted companies. A blooming economy will have a strong and promising stock market which is the leading indicator that reveals a country’s economic prosperity. An economy consists of the sociopolitical and business environments that influence business activities which in turn, drive a nation’s development and growth. The economy is sub-divided into market, sector, industry and company. It also has economic cyc...
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