Four tips for picking a fund manager
1. Find out if the fund manager has a system. In other words, can the company run without the presence of the Managing Director (MD)? Put differently, if the MD is not around, can his subordinates take decisions on your investment? It may be time to change a fund manager if you have to deal with the MD all the time.
2. Does he invest his own profitability? You must ask for testimony. A fund manager who has done well with his own money is likely to pull the same magic in managing your investment. The reverse is also true: if he has no testimony he may be using you as a Guinea pig. It may be a costly adventure for you.
3. Be 100 per cent sure that his firm has a clean bill in terms of credibility and that his company has not been sanctioned by the regulatory authorities: Securities and Exchange Commission (SEC) and Nigerian Stock Exchange (NSE). You can obtain the information from the Exchange or SEC directly. Once there is no clean bill of health, it may be wise to look elsewhere.
4. Find out if the company you want to use has fulfilled all legal requirements in terms of registration with SEC, NSE and the Corporate Affairs Commission (CAC). Please demand registration particulars. Don’t ever compromise on this.
Wish you guys all the best.
Wednesday, May 30, 2007
Friday, May 18, 2007
Vacancy-Project Managers
Project Managers
A leading indigenous construction company is seeking to recruit experienced professionals to effectively manage all aspects in the execution of it's projects.
Requirements
Engineering degree qualified (preferably civil/structural)
Proven management track record in the succesful delivery of engineering projects.
Track record in meeting key project objectives and deadlines
Good leadership and negotiationg qualities
Good understanding of contracts
Must be able to delevop and manage team relationships at every level of the organisation
Minimum of 3 years professional experience
Project management certification is an added advantage
Interested candidates should forward their cv's to this email address, quoting the subject.
recruit_h@yahoo.com
Application closes on Monday, 21/05/2007.
Regards.
A leading indigenous construction company is seeking to recruit experienced professionals to effectively manage all aspects in the execution of it's projects.
Requirements
Engineering degree qualified (preferably civil/structural)
Proven management track record in the succesful delivery of engineering projects.
Track record in meeting key project objectives and deadlines
Good leadership and negotiationg qualities
Good understanding of contracts
Must be able to delevop and manage team relationships at every level of the organisation
Minimum of 3 years professional experience
Project management certification is an added advantage
Interested candidates should forward their cv's to this email address, quoting the subject.
recruit_h@yahoo.com
Application closes on Monday, 21/05/2007.
Regards.
Wednesday, May 9, 2007
Wise Investors pay lots of attention to the media
Knowledge Informatoion has remained a critical demand if you must move on to multiply your wealth or keep the tabs on new issues that will make your investments relevant.
In Nigeria, this becomes quite a problem because investors claim they do not really have the time to give a close mark to their investments through the use of superior or quality information.
They most of the time, embark on what we could refer to as blind investment which means that there was no lead to the decision to invest in that area.
In tha actual sense, they almost get to invest out of the passion or the sentiment which may have caused by the obeisance to the bandwagon spirit.
To a large extent, the media offers investors some of the most useful investment tips and opportunities ever known.
To keep adequately and proactively informed, successful investors have a select choice of newspapers they read and the special electronic media segments or channels they like to go to and these have formed the major basis for the kind of information which they have.
In the developed countries, successful investors read a lot. They ensure they acquire information about their investments to the last letter. They make sure the read Business journals and also relevant newspapers.
In Nigeria, we also have several papers that can render this function and the electronic media have a lot news content to show. You just need to read a lot of anything you can lay your hands on that would reach you and offer useful business information .
Wish you all the best and make sure you
In Nigeria, this becomes quite a problem because investors claim they do not really have the time to give a close mark to their investments through the use of superior or quality information.
They most of the time, embark on what we could refer to as blind investment which means that there was no lead to the decision to invest in that area.
In tha actual sense, they almost get to invest out of the passion or the sentiment which may have caused by the obeisance to the bandwagon spirit.
To a large extent, the media offers investors some of the most useful investment tips and opportunities ever known.
To keep adequately and proactively informed, successful investors have a select choice of newspapers they read and the special electronic media segments or channels they like to go to and these have formed the major basis for the kind of information which they have.
In the developed countries, successful investors read a lot. They ensure they acquire information about their investments to the last letter. They make sure the read Business journals and also relevant newspapers.
In Nigeria, we also have several papers that can render this function and the electronic media have a lot news content to show. You just need to read a lot of anything you can lay your hands on that would reach you and offer useful business information .
Wish you all the best and make sure you
Tuesday, May 8, 2007
First Bank's Public Offer is ready
First Bank of Nigeria Plc on Tuesday began the process of raising fresh funds from the market with an application to the Nigerian Stock Exchange.
The bank applied to offer 1.6billion ordinary shares of 50 kobo each to be sold at N33 per share for public subscription and 1.5billion ordinary shares of 50 kobo each at N31 per share as Rights Issue to existing shareholders.
The bank is expected to realise gross proceeds of N99.3bn from the hybrid offer, the highest in the history of the Nigerian capital market.
The new capital would assist the bank maintain its leadership position in the Nigerian banking industry, as well as in African continent. He said the new capital drive is being propelled by the bank’s vision, which is to be Africa’s bank of first choice.
The funds would also assist the bank in the modernisation of its branches and to pursue growth in its business.
Although the bank had upgraded some of its branches to meet up with the challenges of the times, there are still some branches of the bank that needed to be elevated in terms of architecture and ambience.
In my own opinion, i think wise investors should take advantage of this offer.
You will succeed
The bank applied to offer 1.6billion ordinary shares of 50 kobo each to be sold at N33 per share for public subscription and 1.5billion ordinary shares of 50 kobo each at N31 per share as Rights Issue to existing shareholders.
The bank is expected to realise gross proceeds of N99.3bn from the hybrid offer, the highest in the history of the Nigerian capital market.
The new capital would assist the bank maintain its leadership position in the Nigerian banking industry, as well as in African continent. He said the new capital drive is being propelled by the bank’s vision, which is to be Africa’s bank of first choice.
The funds would also assist the bank in the modernisation of its branches and to pursue growth in its business.
Although the bank had upgraded some of its branches to meet up with the challenges of the times, there are still some branches of the bank that needed to be elevated in terms of architecture and ambience.
In my own opinion, i think wise investors should take advantage of this offer.
You will succeed
Stock Market Tips
This week am going to be sharing some ways to guarantee Success in the Nigerian Stock Market and also how to decide which Stocks to Invest in.
Make sure you spread your risk. No matter how one looks at it, it is risk worth taking. So ensure you spread the risks and not put all your eggs in one basket.
Enter the market when others are leaving and leave when the ovation is loudest.
Sometimes its advisable to hold your stock for a long period of time.
Monitor the market at least once a day.
Study Federal Government’s economic policies especially the ones concerning your investments.
Research and make sure you know about the company you are investing in.
Monitor the company closely and the stock market.
Buy as many different stocks as possible. That way al eggs are not in the same basket.
Don’t be too expectant or better still over expectant but at the same time expect the best.
Stay put.
Use or consult a stockbroker. Or ask others who are more knowledgeable
Don't be greedy
How Do You Decide The Stock To Invest In?
The most popular approach seems to be consultation of stockbrokers. This is very important to consult your professional Stock brokers before deciding the stocks to invest in.
Also it’s very important you conduct your independent research or sniff around for news and developments around a company or the sector generally.
In the Stock Market, Information is Power. It is very important to watch out for company’s news to know when they are up to something that may influence their stock prices; Industry news and also maybe a change of management of the company.
Some people also go to the extent of daily monitoring of stock performance and also analyzing past records for value, returns and financial performance of the company.
Sometimes, I personally just invest based on my personal conviction about the prospects of a particular company and not based on hunch.
You will succeed!!!
Make sure you spread your risk. No matter how one looks at it, it is risk worth taking. So ensure you spread the risks and not put all your eggs in one basket.
Enter the market when others are leaving and leave when the ovation is loudest.
Sometimes its advisable to hold your stock for a long period of time.
Monitor the market at least once a day.
Study Federal Government’s economic policies especially the ones concerning your investments.
Research and make sure you know about the company you are investing in.
Monitor the company closely and the stock market.
Buy as many different stocks as possible. That way al eggs are not in the same basket.
Don’t be too expectant or better still over expectant but at the same time expect the best.
Stay put.
Use or consult a stockbroker. Or ask others who are more knowledgeable
Don't be greedy
How Do You Decide The Stock To Invest In?
The most popular approach seems to be consultation of stockbrokers. This is very important to consult your professional Stock brokers before deciding the stocks to invest in.
Also it’s very important you conduct your independent research or sniff around for news and developments around a company or the sector generally.
In the Stock Market, Information is Power. It is very important to watch out for company’s news to know when they are up to something that may influence their stock prices; Industry news and also maybe a change of management of the company.
Some people also go to the extent of daily monitoring of stock performance and also analyzing past records for value, returns and financial performance of the company.
Sometimes, I personally just invest based on my personal conviction about the prospects of a particular company and not based on hunch.
You will succeed!!!
Friday, May 4, 2007
Making money from stocks
You can make megawealth in the stock market; you can also lose money- big time. Learn the secrets for profitable investment in shares.
FIRST RULE
The first rule for success in the market is to master your emotions when you are taking decisions on the money you want to put or you have put in the stock market. NEVER GET EMOTIONAL ABOUT YOUR INVESTMENTS
The stock market those not care who you are and what you do. You must be cold blooded when you are deciding to select a stock in which to put your money. The stock market has a life of its own. It follows a certain set of rules and if you violate these rules , you will burn your fingers. Most people invest in some shares just because others are buying the shares. This is not a good enough reason to invest in stocks.
SECOND RULE
Take personal responsibility for the shares you invest your money inYou should be personally responsible for the shares you invest your money in?.
It is amusing that when people want to buy cars, they ask all the necessary questions.
They decide ahead the make of the cars they want, the age, the engine capacity , even the colour?
But when it comes to investing in shares, they go in without any pre selection criteria.
You should set the rules to guide you on the company to pick and you should set another rules to guide you on when to bail out of that share if it is no longer meeting your criteria.
A lot of investors get so sentimentally attached to a stock that they refuse to act if the share price if falling and by implication watching their money go down the drain.
This is financial illiteracy at its best. I wonder why people can’t take a decision on the company if it is not giving them the result they expect.
The way to be a wise investor is that even if your father is the chairman of the company in which shares you put your money, take a firm decision if the share is not giving you the expected result.Setting entry and bail –out rules is particularly very important.
Do your due diligence on any company you want to invest in before you part with your money.
There is nothing that says that you must invest your money if you don’t have a good company to buy. It is your money.
It is your life. You should be the chief executive officer of your financial future.
THIRD RULE
What are your investment objectives. What do you really want from the stocks that you are investing in.You must articulate your investment objectives ever before you spend a kobo on shares. I find it amusing that people would invest their money without first establishing clear objectives they want to achieve.
What is it that you want to achieve?
Is it to make quick money from your investment in shares (speculation)?
Is it to prepare for your financial freedom ?
Is it to become a shareholder in the company one day?
What is your appetite for risks?
Are you a conservative investor who want to play it safe like that man in the parable of talent who hid his master’s money in the ground?
Is the money you are investing the one you can afford to lose?
There are a thousand and one questions you must ask and answer as clearly as possible before you approach your stockbroker to buy shares on your behalf.
Your objective should guide you on which stock to put your money. Don’t copy your friends to set your investment objectives because you don’t have the same realities.
Decide whether you are investing for long term or short term.
There are strategies that go with the two investment horizons.
Without clear objectives you would be confused about the movement in share prices.
So setting clear objectives should be the starting point for anybody who wants to play the stock market profitably.
Doing otherwise would amount to courting disaster.
FOURTH RULE
Set the entry and exit criteria.
The stock market follows some rules and only those who have taken their time to study the rules can hope to profit from the market.
Many people burn their fingers because along the line, they get greedy.
They always hope that the price of the stock they invest in would go further up tomorrow or would stop the slide the next day.
So they keep watching until their valuable investment turns into a mere piece of paper.
This is how wise investors behave.
They are comfortable with making small profits regularly and cutting their losses quickly .
A stock broker once told me that,he does not expect to make more than 30 per cent return on my investment in shares.
So any time his stock hits a 30 per cent return he sells immediately, wait for another opportunity to buy cheaply.
If it is in the same stock , he watches it again, once hits between 20 per cent and 25 per cent he sells.
With this, he believes he can achieve more than 100 per cent return in a particular stock in one year.
But to be successful in this strategy you must know the stock you are investing in inside out and be able to predict its cycle.
He also gave the other side of the rule:- The other side of this rule is that he would never allow the stock he holds to fall below 8 per cent before he sells, no matter the reason for falling.
This is the only way to minimize losses and still be left with something you can invest some other time.
That is why I encourage you to take personal interest in any stock you want to buy.
Educate yourself.
Know the company that issues the shares.
Analyse their annual reports.
Know what is going on inside the company.
As one of my friends put it, you must know as much information on the company as if you are a director.
Invest in educating yourself today.
Don't be greedyyyyyyyyyyyyyy
You will succeed!
FIRST RULE
The first rule for success in the market is to master your emotions when you are taking decisions on the money you want to put or you have put in the stock market. NEVER GET EMOTIONAL ABOUT YOUR INVESTMENTS
The stock market those not care who you are and what you do. You must be cold blooded when you are deciding to select a stock in which to put your money. The stock market has a life of its own. It follows a certain set of rules and if you violate these rules , you will burn your fingers. Most people invest in some shares just because others are buying the shares. This is not a good enough reason to invest in stocks.
SECOND RULE
Take personal responsibility for the shares you invest your money inYou should be personally responsible for the shares you invest your money in?.
It is amusing that when people want to buy cars, they ask all the necessary questions.
They decide ahead the make of the cars they want, the age, the engine capacity , even the colour?
But when it comes to investing in shares, they go in without any pre selection criteria.
You should set the rules to guide you on the company to pick and you should set another rules to guide you on when to bail out of that share if it is no longer meeting your criteria.
A lot of investors get so sentimentally attached to a stock that they refuse to act if the share price if falling and by implication watching their money go down the drain.
This is financial illiteracy at its best. I wonder why people can’t take a decision on the company if it is not giving them the result they expect.
The way to be a wise investor is that even if your father is the chairman of the company in which shares you put your money, take a firm decision if the share is not giving you the expected result.Setting entry and bail –out rules is particularly very important.
Do your due diligence on any company you want to invest in before you part with your money.
There is nothing that says that you must invest your money if you don’t have a good company to buy. It is your money.
It is your life. You should be the chief executive officer of your financial future.
THIRD RULE
What are your investment objectives. What do you really want from the stocks that you are investing in.You must articulate your investment objectives ever before you spend a kobo on shares. I find it amusing that people would invest their money without first establishing clear objectives they want to achieve.
What is it that you want to achieve?
Is it to make quick money from your investment in shares (speculation)?
Is it to prepare for your financial freedom ?
Is it to become a shareholder in the company one day?
What is your appetite for risks?
Are you a conservative investor who want to play it safe like that man in the parable of talent who hid his master’s money in the ground?
Is the money you are investing the one you can afford to lose?
There are a thousand and one questions you must ask and answer as clearly as possible before you approach your stockbroker to buy shares on your behalf.
Your objective should guide you on which stock to put your money. Don’t copy your friends to set your investment objectives because you don’t have the same realities.
Decide whether you are investing for long term or short term.
There are strategies that go with the two investment horizons.
Without clear objectives you would be confused about the movement in share prices.
So setting clear objectives should be the starting point for anybody who wants to play the stock market profitably.
Doing otherwise would amount to courting disaster.
FOURTH RULE
Set the entry and exit criteria.
The stock market follows some rules and only those who have taken their time to study the rules can hope to profit from the market.
Many people burn their fingers because along the line, they get greedy.
They always hope that the price of the stock they invest in would go further up tomorrow or would stop the slide the next day.
So they keep watching until their valuable investment turns into a mere piece of paper.
This is how wise investors behave.
They are comfortable with making small profits regularly and cutting their losses quickly .
A stock broker once told me that,he does not expect to make more than 30 per cent return on my investment in shares.
So any time his stock hits a 30 per cent return he sells immediately, wait for another opportunity to buy cheaply.
If it is in the same stock , he watches it again, once hits between 20 per cent and 25 per cent he sells.
With this, he believes he can achieve more than 100 per cent return in a particular stock in one year.
But to be successful in this strategy you must know the stock you are investing in inside out and be able to predict its cycle.
He also gave the other side of the rule:- The other side of this rule is that he would never allow the stock he holds to fall below 8 per cent before he sells, no matter the reason for falling.
This is the only way to minimize losses and still be left with something you can invest some other time.
That is why I encourage you to take personal interest in any stock you want to buy.
Educate yourself.
Know the company that issues the shares.
Analyse their annual reports.
Know what is going on inside the company.
As one of my friends put it, you must know as much information on the company as if you are a director.
Invest in educating yourself today.
Don't be greedyyyyyyyyyyyyyy
You will succeed!
Obajana Cement's Offer Coming very soon
Obajana Cement Company is coming to the market soon to raise funds.
Obajana Cement Company is part of Dangote Industries Limited owned by the business mogul Aliko Dangote.
I am not yet sure about the pricing but heard it might be more likey on the high side( not sure).
Following the recent success of Dangote Sugar Refinery, am sure there should be mad rush for the shares.Dangote Sugar Refinery came to market last year @ N18.00. and is almost N50 now
I would keep you all on the latest developments about this offer.
Committed to your success.
Cheer!
Obajana Cement Company is part of Dangote Industries Limited owned by the business mogul Aliko Dangote.
I am not yet sure about the pricing but heard it might be more likey on the high side( not sure).
Following the recent success of Dangote Sugar Refinery, am sure there should be mad rush for the shares.Dangote Sugar Refinery came to market last year @ N18.00. and is almost N50 now
I would keep you all on the latest developments about this offer.
Committed to your success.
Cheer!
You are all welcome
You are all welcome to this lovely blog.
Knowledge they say is Power. I believe the Industrial age is gone, we are now in the Information age.
Bishop Oyedepo puts it like this " Not to be informed is to be deformed".
One of the Primary aims of this blog is to get us informed and add value to every single person.
Thanks for taking time to visit this blog and hope you come again.
Also your comments and suggestions would be very much appreciated.
Take care.
You will Succeed
Knowledge they say is Power. I believe the Industrial age is gone, we are now in the Information age.
Bishop Oyedepo puts it like this " Not to be informed is to be deformed".
One of the Primary aims of this blog is to get us informed and add value to every single person.
Thanks for taking time to visit this blog and hope you come again.
Also your comments and suggestions would be very much appreciated.
Take care.
You will Succeed
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