Women have seen a lot of opportunities in the capital market and are eager to explore them through investments that would stand for special reasons. MADUKA NWEKE examines the various reasons they feel could push one to stock trading and reports.
With the understanding that man would always like to be helped by his wife in carrying the daily problems of the family, women want to live up to that expectations. They now storm the capital market with various reasons.
REBECCA AMADASUN-Business woman
I learnt about the capital market investment early even though I did not start to invest as soon as I learnt of it. I know that capital market is where one can make cool money without stress or anybody trailing him around.
To save for the rainy day: I invest in the stocks because today I know, tomorrow I do not know. In this way, the adage that the firewood one fetched during the dry seasons is what he uses during the rainy season is one of the reasons why I invest in the capital market.
I know that capital market investment is not like money you lodge with the bank today which you can go tomorrow and withdraw. It is not at all.
To become co-owner of big companies: A lot of people desire to own companies yet they may not have enough resources with which to establish one. By investing in the stock, you become one of the owners of the company yet you did not enter into any stress.
To increase personal financial worth: There is no amount of money that is enough for anybody. That is why some people known to be affluent still go into business to make more money. So I ventured into the capital market to increase my financial build up. By this way, if I was controlling N3 million as at last year, I would like to increase it through investment. The investment that could achieve this without much risk is investment in stocks.
To invest savings that would appreciate faster than fixed deposits or saving accounts.
It has been observed that certain investments in stocks could double the interest you ought to make if you had lodged the money either in fixed deposit or savings accounts. If you are able to identify these stocks that could give you the kind of profits that you want, then there is no reason wasting time. Those who invested N60, 000.00 in Fidelity Bank or in Afribank last August should be in better position to tell this story. The two stocks made a lot of middle earners top earners within a space of six months. This is the reason why investing in moving stocks would be a matter of serious consideration.
Part of the investment could be cashed quickly when needed unlike property or fixed deposits.
In some cases, one could decide not to save the leftover of his income in the bank. He may buy some stocks with it for profit appreciation. It could also happen that while the stock stays with the stockbroker, a need arises which needed urgent attention. He may this time decide to sell some fraction of the stocks to enable him raise some money to solve his problem. You can approach your stockbroker as often as always to sell your stock without the stockbroker refusing. In the case of savings, you may not be allowed to withdraw certain amount of money at a go and also you may not be allowed to visit the bank as many times as you may like in a day.
A tool for collateral; Your share certificate, especially when you bought your stock through the primary market could serve as collateral for loan or surety for loan or tender for any financial transaction in the future. A lot of people have not come to the knowledge that the share certificates you collected from the purchase of stock could stand in for collateral. If they know, most of them would have valued stock trading more than this.
For future security: I want to maintain my stable standard of living. When you make investment today, you secure your future against drought. It is when there is plenty that you make provision against when there may be scarcity. The capital market investment is this way acts as shock absorber that saves one from friction.
Rosita g udoh- student investor:
I have really known of the stock market long time ago. Although I have known of it, I have not played considerable role as expected. The reason apart from the fact that I though that unless I have huge some of money, I cannot play, I also have at the back of mind what would happen to my money invested in the stockbroker who is not a banker. My mind was that only banks can save money for you. After some enquiries, I found that stocks could be even better than lodging money in banks in terms giving profits to customers. In this way I felt that there are reasons why I should invest in stocks more than I lodge money in the bank.
Capital Building: The moment you buy more stocks you may not know you are indirectly building your capital. I know of somebody who wants to buy a laptop but the money with him was not enough for it. What the man did was to invest the money in stock and after two week and some days he sold the stocks. Not only that he made the laptop money, he also had some of the stocks retained for future needs.
A tool for collateral; Your share certificate, especially when you bought your stock through the primary market could serve as collateral for loan or surety for loan or tender for any financial transaction in the future. A lot of people have not come to the knowledge that the share certificates you collected from the purchase of stock could stand in for collateral. If they know, most of them would have valued stock trading more than this.
For future security: I want to maintain my stable standard of living. When you make investment today, you secure your future against drought. It is when there is plenty that you make provision against when there may be scarcity. The capital market investment is this way acts as shock absorber that saves one from friction
I embrace capital market to invest in the future: To make future investment informed my decision to invest in the capital market because you do not things even though you may not recognize them. You keep safe your money yet you make profit from that. It is a future investment in the sense that if you like, you may not have to sell the sock until they have appreciated considerably.
To know more about investment dynamics: One of the reasons why I started embracing capital is to know more about the dynamics of the market. You know that when you know more about anything, you stand a better chance of playing in it well. As for capital market, the in-thing now is to pick the rudiments and the dynamics so that no one tells me when to go in or when to pull out. Knowing when you need to act and when to remain calm makes the best of gentle man. This is why I have not made huge losses since then
The value of one’s investments could be seen daily from the stock market report without having to consult a specialist valuer.
If you know how to read the daily summary or the official list of the Nigerian Stock Exchange (NSE), then you would be able to calculate your income from the capital market on daily basis. Some people say if their investment in a particular stock reaches a particular level, he would divest. For this kind of people, it would be easy to assess his investment. You could also visit your stockbroker for your investment printout. In this way, you can also know whether any bonus is added to your investment which in other words would amount to added income. If you invest in any company or you lodge your money in the bank, it would not be easy to assess and know your worth on daily basis unlike in the stock market.
To make clean money: Those who invest in the capital market make clean money. If your stocks are appreciating, they are not appreciating because you cheated somebody or you duped anybody. The money you make in the capital market would be traced so no body will say you entered into illicit business or that you made illicit money because the stages of growth of your stocks are really open for everybody to see. I really advice everybody to use the capital market as the right platform for making money. The reason is that your money will be growing yet you have no stress.
To know more about investment dynamics: One of the reasons why I started embracing capital market is to know more about the dynamics of the market. This is because when you know more about anything, you stand a better chance of playing in it well. As for capital market, the in-thing now is to pick the rudiments and the dynamics so that no one tells me when to go in or when to pull out. Knowing when you need to act and when to remain calm makes the best of gentle man. This is why I have not made huge losses since then.
To help other people grow financially too: I believe that when you help other people grow, you are also indirectly growing. Take for instance, when you are in a classroom when a lecturer teaches a course, the moment you teach it to other students, the more you understand it because if there is any portion confusing or any question the student asks, if you don’t know it, you then have to look for somebody who would teach you. By that you are even increasing your grasp of the course. So, one of my reasons for going into the market is to teach and enlighten people to also play in it.
I am working today so have got a lot of opportunity to make provision against the time I would be out of job due to old age. It is when one is strong that one makes provision for when he would not be as strong as to fend for himself. Investment in some ways could serve as insurance for the future.
Form of saving: Capital market investment is a form of saving with different. This is because you not only keep your money intact but you also make some appreciable profits that increase your capital base. It is a form of saving because you can sell the stock or fraction of the stock whenever you are in need of money and use it to solve your problems.
Capital Building: The moment you buy more stocks you may not know you are indirectly building your capital. I know of somebody who wants to buy a laptop but the money with him was not enough for it. What the man did was to invest the money in stock and after two week and some days he sold the stocks. Not only that he made the laptop money, he also had some of the stocks retained for future needs.
ROSITA G UDOH- STUDENT INVESTOR: I have really known of the stock market long time ago. Although I have known of it, I have not played considerable role as expected. The reason apart from the fact that I though that unless I have huge some of money, I cannot play, I also have at the back of mind what would happen to my money invested in the stockbroker who is not a banker. My mind was that only banks can save money for you. After some enquiry, I found that stocks could be even better than lodging money in banks in terms giving profits to customers. In this way I felt that there are reasons why I should invest in stocks more than I lodge money in the bank.
I embrace capital market to invest in the future: To make future investment informed my decision to invest in the capital market because you do not things even though you may not recognize them. You keep safe your money yet you make profit from that. It is a future investment in the sense that if you like, you may not have to sell the sock until they have appreciated considerably.
To know more about investment dynamics: One of the reasons why I started embracing capital is to know more about the dynamics of the market. You know that when you know more about anything, you stand a better chance of playing in it well. As for capital market, the in-thing now is to pick the rudiments and the dynamics so that no one tells me when to go in or when to pull out. Knowing when you need to act and when to remain calm makes the best of gentle man. This is why I have not made huge losses since then.
To help other people grow financially too: I believe that when you help other people grow, you are also indirectly growing. Take for instance, when you are in a classroom when a lecturer teaches a course, the moment you teach it to other students, the more you understand it because if there is any portion confusing or any question the student asks, if you don’t know it, you then have to look for somebody who would teach you. By that you are even increasing your grasp of the course. So, one of my reasons for going into the market is to teach the enlightened to also play in it.
The little I know has done much. I remember one day somebody was arguing that the capital market operators are 419 because they do not see what is trading that they call stock. I used the little knowledge of capital market I have to explain that the capital market is not a fraudulent organization. I explained what I mean and she believed. This was possible because I understood the market even though little.
Nigerian Youths consolidations their future through stock investment
The struggle to rid Nigeria of fraudsters and those who indulge in illicit activities to make money by (EFCC) Economic and Financial Crimes Commission has dissuaded most youths in Nigeria from being idle. Maduka Nweke examines the trend adopted by youths to make money without being trailed as criminal and reports.
.To learn more about capital market.
Since people are of the opinions that there is plenty of money to be made from the capital market, I decided not to be left out. I believe that the more I learn of the capital market and what opportunity to make more is there from, I will play better. So I embraced the capital market to make my knowledge of the market richer.
To make profits: Since the stocks you buy will appreciate and give you some profits I am in to make the money I also know that the money one makes from the capital market is clean. There is nobody who would chase me in the future for indulging in illicit activities or defrauding Okeke or Okafor, Ayo or Dele or Musa or Tanko. This is the greatest attraction that draws me to the market. I have a future I want to protect to be able to achieve my dreams. You know that if you enter into illicit activities, either that you cheat people or people would cheat you. If you cheat them you will never be comfortable and safe because they will continue to chase you. On the other hand if they cheat you, you may not recover from it until a very long time.
It is a silent way of enriching yourself: You know that you can be an investor in the capital market with huge investment yet no body will know unless you tells them. In this way, you could be a millionaire, billionaires without anybody knowing except probably your stockbroker who keeps and monitors such investment.
To up my investment: I made incursion into the stock trading because I want to leverage on my capital investment. You know that if all big men in Nigeria should stop engaging in more fund raising through the various transactions only to eat what they already have, time shall come when they money would finish because there is no replacement. So I decided to go into the market in order to grow my investment.
When you don’t have the knowledge of anything, you became confused. This confusion makes you thin that the practice is wrong. This is what happens to some of the people who say the market if fraudulent.
To save for the rainy day: The capital market investment is a future investment. The future in this regards could be two months, three months or like that. So the reason why I embraced the stock trading is to make me save for the rainy day. You know today one is strong, moves around, fends for himself, but time shall come when one is no longer strong as to move around to fend for himself. It is to made provision for this kind of situation that made me go into stock trading so that my future will be secured.
To become co-owner of big companies: I know that unless one makes a lot of money he would not be able to own a company of his. But one can become a co-owner of eve the biggest company in Nigeria market buying the stock through either the primary market or the secondary market. When you become co-owner of a company, you can attend the general meeting of the company where issues of the company are discussed. The pride of becoming past owner of a big company or business institution like banks is enough to drive one mad. I have been part owner of all the companies I bought into.
Although I read it theoretically I have not had opportunity to play in it. Although I have some stocks, the stocks were bought through the primary mark (during public offers). I have really desired to be an active player in the market.
To appreciate in wealth: When you invest in the capital market you stand a chance of growing your money. When your stocks appreciate, you make profit.
What matters is that when you fail to buy and you have the money, you wish all is failing but on the other hand, when you want to sell you wish the price skipped. I know the stocks I have cannot go down together. Some would be down while the other go up. I have intension of making money through the capital market.
To save for my education: I invest in the stocks to be able to build my money to enable one pursue my education without stress. If invest much in the capital market, the moment I am in need of some money, I will just sell one and make money available to solve my problems. Since the investment is something that can last as long as you leave it there.
The greatest distress that could come to anybody is to stop his/her education half way because there was no money to continue or to finish it. It was in order to bridge the kind of situation that pushed me into stock trading. If a I buy today and by next month I have need for money, I can go and sell it and solve my problems.
Collateral for loan and others: I know that banks honour share certificates as tool for collateral. I can use the certificate to borrow money that you can also use in buying more shares while you pay gradually. Since I am a student, at times one can run into expenses that the money to solve it may not be easily available. So to have some material for surty also is part of my incursion into stocks.
Also to save for charity: I also buy stocks for charity in which case, when you want to visit charitable organisation for the underprivileged, you have some thing to give them. I purposely wanted to save specially for that so that I will not disturb my other engagements.
The capital market has really helped a lot of people. At least since the market does not know anybody, you don’t say please reduce money for me because I have been your customer since long time.
