Experts give Nigerians advice on investing in stocks

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Experts in the financial sector have highlighted the benefits of investing in the stock market and how Nigerians can go about it.

They spoke at a virtual event hosted by Stanbic IBTC Stockbrokers to enlighten Nigerians on the potential of investing in the stock market.

Head, Sales Trading, Stanbic IBTC Stockbrokers, Afolabi Gbenro, while explaining the importance of diversifying investments in stocks, listed the factors that affect stock prices to include supply, demand, news and sentiment. investors.

“The benefits of investing include dividend yield, capital appreciation, shareholder privileges and the use of investments as collateral,” he said.

He advised Nigerians to conduct their own research and assess companies before investing.

“You would need a capital, an investment objective and an assessment of the risk profile to determine what type of investment you should venture into. You will also need to keep up to date with market updates, ”he added.

Benjamin Jesumuyiwa, Mandate and Regulatory Officer Stanbic IBTC Stockbrokers urged Nigerians to invest in stocks to reap long-term profits.

He said: “The stock market makes it easy to buy shares of companies and they can be bought through a broker or through online platforms.

“Stanbic IBTC Stockbrokers offers a reduced rate of 0.7% on brokerage fees. Once you’ve created an account, stocks can be purchased within minutes.

Money Africa founder Tosin Olaseinde advised beginners to invest while gaining knowledge about the stock market.

She recommended exchange-traded funds as an entry point, especially for people who have an aversion to high-risk investments.

“As a beginner, the best place to start is in exchange traded funds. It is a mixture of different actions in one title. This gives you the opportunity to participate in a few stocks without buying everything individually, ”she said.

Solafunmi Oyeneye of Wealth Motley, a personal finance educator, cited liquidity and dividends over a long period of time as benefits of stock trading.

Jennifer Awirigwe, Certified Financial Educator, described the stock market as a good place to invest “because it is highly regulated and risks can be easily assessed”.

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