A TRENDING ACTIVITY

Recently the Nigerian stocks market has been on the rise and the financial trends have been carrying it. Last month the Dangote IPO was a major trend, but what many did not realize was that it was a decoy that a lot of companies used to rise and only those who are in the market and understand the things going on in the market could really benefit from it. There were a few stocks that gained recognition during that period and then dumped after. This was because the Dangote IPO announcement instigated some sort of interest in other stocks and made people really look into investing in the Nigerian stock market. The fact is that a lot of people in the financial system are skeptical about investing in the Nigerian stocks exchange, and you can’t blame them given the reputation of the country.

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From the beginning of this year I have been investing in Nigerian stocks and I can say for a fact that my investments (at least most of them) have been doing well as expected. When the IPO news started slowly I was really interested but lost interest after it blew all over the news. Not because I think it was a scam or anything, but because I know real money ain’t that loud. But at the same time, No one knows the market, so I decided I would only invest what I am okay with losing. I decided to invest more in other stocks that immediately went up because of the hype of the Dangote IPO and sold when I saw they had made some considerable leaps. Just like I thought, the moment the hype died the stocks fell and although most of them are still better off from where they were when the IPO started, I am just happy I cashed out my profit before they fell.

I am still investing in some Nigeria stocks and will still be doing that till the year ends as part of my goals for the year. I believe the Nigerian stock market will only get bigger and a lot of people will miss out because of skepticism. This is because I have noticed a trend in the stock market, these were the things that happened to the American Stock exchange, there were the decoys, there was the propaganda, but those who understood the market grew with it. The idea isn’t even in investing in dangote, the idea is understanding the market, making secure investments and knowing that whatever financial decision you take would either make you richer or poorer in the coming years. Today we see dangote IPO. If it succeeds I bet you you would see a lot of other IPOs coming up and making headlines, and 90% of them will fail because they are mere copies. If it fails a lot of companies will be afraid to go public and do it in secret then wait to see the outcome. Either way, few will benefit and many will regret not investing later on.

THIS IS MY RESPONSE TO HIVE LEARNER'S
PROMPT FOR WEEK 238 EPISODE 2