Economy
6 Timeless Investing Tips to Become a Successful Investor
If you’re aiming to become a successful investor in the modern financial market, you need to have a good knowledge of the available opportunities. Knowing what’s out there and how best to leverage different investments can help maximise your gains.
Getting ahead of the curve, maintaining a solid position and capitalising on valuable opportunities is how successful investors maintain their portfolios. By following the tips below, you can start closing that gap and perform just as well within the investment landscape.
- Get ahead when getting started
Setting out on your investment journey is an exciting prospect and there’s no better time to be starting out as an investor. You’ll want to establish an idea of what you’re aiming to get out of investing and do your research in order to make the right moves.
Using forex platforms can be a great way to get started, with some offering a welcome bonus to forex trading of $30 or similar, giving you more investment power to start with. This can get your portfolio gathering momentum earlier on, along with any funds you’re prepared to invest.
- Diversify your portfolio
Having all your eggs in one basket leaves you at the mercy of whatever happens to that one stock. Keeping a broader investment strategy means that your portfolio will be less volatile and has more resilience to market shifts.
Invest in a range of stocks that suit your investment strategy and invest on a regular basis. Look for potential investments and where you could add value to your portfolio – automatic contributions can also help you to improve your position without manual intervention.
- Avoid making drastic portfolio shift on impulse
Your investment strategy should be something you stick with based on your life goals and ambitions. Don’t reconfigure your entire portfolio on a whim or because you heard about a potential rumoured market shift.
Capitalise on advice and information you hear but don’t completely change your plan. Larger shifts are best saved for once you’ve met specific goals or your personal situation has changed.
- Fluctuations come with the territory
The stock market rewards patience – sitting back, observing what’s happening and planning your next move. The market will move regularly, so don’t get spooked if your stock isn’t all upwards trajectories. Look at overall trends and hold your position unless you’re absolutely sure it’s the right time to sell.
If your investments move more than you’d like, shift over to more modest investments. While they may present be less opportunity for significant short-term gains, they’ll potentially have less volatility and be easier to track.
- Short term thinking can cost you
Only looking at recent trends rather than the bigger picture can create some problematic investor behaviour. If a stock performs badly across a quarter, you might be tempted to shift away. But if that stock has been on the up for going on a year, and you’ve ridden that all the way up, there’s potential for it to still pick back up.
Keep your eye on wider trends and how your stock has performed in the long term. Reacting to short-term activity without stopping to properly consider the motivating factors and potential outcomes could see you missing out.
- Boring is sometimes better
Some of the best investments you can make are into more dependable, low-volatility stocks. While they might not be the short-term investments that see some people make money quick, these ‘boring’ options can be fantastic for long-term investment strategies.
If you’re planning on using forex investment as a way of generating retirement funds, investing in lower-risk stocks over a longer period of time can allow you to slowly accrue a solid and substantial investment portfolio.
By Adedapo Adesanya
The duo of Afriland Properties Plc and Geo-Fluids Plc crashed the NASD Over-the-Counter (OTC) Securities Exchange by a marginal 0.06 per cent on Wednesday, December 11 due to profit-taking activities.
The OTC securities exchange experienced a downfall at midweek despite UBN Property Plc posting a price appreciation of 17 Kobo to close at N1.96 per share, in contrast to Tuesday’s closing price of N1.79.
Business Post reports that Afriland Properties Plc slid by N1.14 to finish at N15.80 per unit versus the preceding day’s N16.94 per unit, and Geo-Fluids Plc declined by 1 Kobo to trade at N3.92 per share compared with the N3.93 it ended a day earlier.
At the close of transactions, the market capitalisation of the bourse, which measures the total value of securities on the platform, shrank by N650 million to finish at N1.055 trillion compared with the previous day’s N1.056 trillion and the NASD Unlisted Security Index (NSI) went down by 1.86 points to wrap the session at 3,012.50 points compared with 3,014.36 points recorded in the previous session.
The alternative stock market was busy yesterday as the volume of securities traded by investors soared by 146.9 per cent to 5.9 million units from 2.4 million units, as the value of shares transacted by the market participants jumped by 360.9 per cent to N22.5 million from N4.9 million, and the number of deals increased by 50 per cent to 21 deals from 14 deals.
When the bourse closed for the day, Geo-Fluids Plc remained the most active stock by volume (year-to-date) with 1.7 billion units valued at N3.9 billion, followed by Okitipupa Plc with 752.2 million units worth N7.8 billion, and Afriland Properties Plc 297.5 million units sold for N5.3 million.
Also, Aradel Holdings Plc, which is now listed on the Nigerian Exchange (NGX) Limited after its exit from NASD, remained the most active stock by value (year-to-date) with 108.7 million units sold for N89.2 billion, trailed by Okitipupa Plc with 752.2 million units valued at N7.8 billion, and Afriland Properties Plc with 297.5 million units worth N5.3 billion.
By Adedapo Adesanya
The euphoria around the recent appreciation of the Naira eased on Wednesday, December 11 after its value shrank against the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by N5.23 or 0.3 per cent to N1,547.50/$1 from the N1,542.27/$1 it was valued on Tuesday.
It was observed that spectators’ activities may have triggered the weakening of the local currency in the official market at midweek as they tried to fight back and ensure the value of funds in foreign currencies strengthened.
The domestic currency was regaining its footing after the Central Bank of Nigeria (CBN) launched an Electronic Foreign Exchange Matching System (EFEMS) platform to tackle speculation and improve transparency in Nigeria’s FX market.
At midweek, the Nigerian currency depreciated against the Pound Sterling by N3.56 to close at N1,958.68/£1 compared with the preceding day’s N1,955.12/£1 and against the Euro, it slumped by 34 Kobo to trade at N1,612.66/€1, in contrast to the previous session’s N1,613.00/€1.
As for the black market segment, the Naira lost N45 against the American currency during the session to quote at N1,670/$1 compared with the N1,625/$1 it was traded a day earlier.
A look at the cryptocurrency market showed a recovery following profit-taking as the US Consumer Price Index report matched economist forecasts.
The news was enough to convince traders that the Federal Reserve is certain to trim its benchmark fed funds rate another 25 basis points at its meeting next week.
The move also saw Bitcoin (BTC), the most valued coin, return to the $100,000 mark as it added a 2.9 per cent gain and sold for $100,566.12.
The biggest gainer was Cardano (ADA), which jumped by 15.00 per cent to trade at $1.16, as Litecoin (LTC) appreciated by 10.4 per cent to sell for $121.76, and Ethereum (ETH) surged by 7.0 per cent to $3,929.30, while Dogecoin (DOGE) recorded a 6.7 per cent growth to finish at $0.4181.
Further, Binance Coin (BNB) went up by 5.2 per cent to $716.72, Solana (SOL) expanded by 4.6 per cent to $229.77, and Ripple (XRP) increased by 4.2 per cent to $2.43, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 apiece.
By Aduragbemi Omiyale
The Dangote Refinery located in the Lekki area of Lagos State has made its first export of premium motor spirit (PMS) just three months after it commenced the production of petrol.
In September 2024, the refinery produced its first petrol and began loading to the Nigerian National Petroleum Company (NNPC) on September 15.
However, due to some issues, the facility has not been able to flood the local market with its product, forcing it to look elsewhere.
In a landmark move for regional energy integration, Dangote Refinery has partnered with Neptune Oil to take its petrol to neighbouring Cameroon.
Neptune Oil is a leading energy company in Cameroon which provides reliable and sustainable energy solutions.
Dangote Refinery said this development showcases its ability to meet domestic needs and position itself as a key player in the regional energy market, adding that it represents a significant step forward in accessing high-quality and locally sourced petroleum products for Cameroon.
“This first export of PMS to Cameroon is a tangible demonstration of our vision for a united and energy-independent Africa.
“With this development, we are laying the foundation for a future where African resources are refined and exchanged within the continent for the benefit of our people,” the owner of Dangote Refinery, Mr Aliko Dangote, said.
His counterpart at Neptune Oil, Mr Antoine Ndzengue, said, “This partnership with Dangote Refinery marks a turning point for Cameroon.
“By becoming the first importer of petroleum products from this world-class refinery, we are bolstering our country’s energy security and supporting local economic development.
“This initial supply, executed without international intermediaries, reflects our commitment to serving our markets independently and efficiently.”
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