stock investment can be started with very little amount of money. A large portion of people are waiting to accumulate so much wealth before they go into stock investment. This is an erroneous belief digested by many people. The beauty of stock investment is that you don't have to accumulate millions of naira before you start investing neither do you have to wait till you save N10000.
The stock market is a place for all class of people - wealthy, rich, middle class, poor, etc. But I so much beg you not to see yourself or ever regard yourself as poor because that is the beginning of poverty. AS A MAN THINKETH IN HIS HEART, SO IS HE. Poverty is a deadly disease that begins in the mind. From the moment you belief yourself to be poor, you have set a limitation for yourself. Your actions and ways are governed by that poverty mindset you created by yourself and for yourself, definitely you begin to see some opportunities as exclusively for the rich and wealthy, thereby missing great opportunities that you will live to regret.
Lets go back to business. You can start investment in stocks with as little as N500, depending on how you start.
1. Open an account with a stock broking firm (which is usually free), you can deposit as low as N500 and instruct him to buy shares for you on the floor of the Nigerian stock exchange.You can let him choose for you or you choose for yourself. some stocks are sold for N5, N2, N1 and even less. With as little as N500, you can get 100 units, 300units, 500 units or more of a stock depending on the price of the stock. The blue chip (big companies) stocks you see today where once penny stocks. Those that bought it at that very low price made the most gain. Guarantee bank stock that sells for above N40 today was once sold for about N2, the bank Phb stocks that is above N30 today, was once sold for N2.65 and they will keep appreciating. If you had bought it then, where would you be today?? It is never too late, there are still penny (low-priced) stocks that are very good today, so start today with the little you have because the penny stocks of today are the blue chips of tomorrow. The N2 stock of today is the N50 stock of tomorrow. Most of the big investor you see today started from a low level.
2. In the absence of a stock broking firm, there are some public offers that sell as low as N2.looking at 2006,Aiico insurance did a public offer at N2.20.with just N2200, you could get yourself 1000 unit. Around June 2008,the same Aiico insurance was selling at N7, if you had bought 1000 units, by June 2008,your N2200 will worth N7000 excluding the dividends. Imagine the worth if left for another 5 or ten years? Without waiting for 5 or 10 years, you can decide to sell and get N8000. With this buy 2 or 3 other stocks and keep growing. those that keeping waiting to accumulate millions will definitely have missed this and so many other gold mine in the Nigerian stock market.
The reality of the matter is that the thousands of today make the millions of tomorrow, if well invested. The few thousands you invest today will give you millions tomorrow with which you can make more millions, that's the beauty of the game. Investment in stocks requires discipline. In our world today, there is never enough money. No matter how much you make there are needs and responsibilities waiting to take that money from you, it requires discipline and commitment to set aside a little portion for investment in a brighter future. But like most of us, once you get into stocks you are hooked, because you can't easily ignore this easy way of money making. Money come and goes. It is not how much you make that matters but how much you invest into the future. Investment is stocks is one of the surest way to a happy and fulfilled future. You should not leave your future to chance and luck. Have a say in your destiny. Invest in your future today. GO. SUCCEED.
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