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Stats: 3,108,541 members, 7,670,974 topics. Date: Friday, 08 December 2023 at 08:19 PM
|Us Stocks Pick Alert by OakPearl(m): 5:36pm On Feb 04, 2020|
Good evening and happy new year to you all.
After months of ruminating over this idea, I am glad to manage the time to create a tread like this.
This tread is to further open Nigerians and foreigners alike who have the same passion of wealth creation via investing in the United States stock markets.
As you may know, the market in the US is mirrored by the indices such as the Dow Jones Industrial Average (DJIA), The Standard & Purse (S&P) and the NASDAQ.
The whole essence is to have a pool of both inexperienced but interested would-be investors, and experienced resource persons who are willing to give back to the society by making informed analysis and opinions on the developments in the world markets and how members of this forum can make informed investment decisions accordingly.
I have tasted a bit of this market and can confirm that the world is a global village and that anyone can trade in the US market and make real US dollars from profits made.
For instance, I took a good look at the newly listed company called Virgin Galactic with thicker symbol (SPCE) and bought some shares at $8.20 on the 9th of December 2019. After watching it for a while and doing some more due diligence, I bought much more on the 10th of December 2019 at $9.23 as it kept rising.
As I type this piece to create this tread today the 4th of February 2020, it is trading at $19.56 per share! And am not a genius.
Gentle men and ladies, we can make a lot of money if we pool our wealth of knowledge and turn it into tangible financial cash cow.
This is not a get rich quick scheme, never a ponzi scheme, neither is this intended for any sort of internet fraud.
Wealth requires hard work (mental and intellectual) mixed with a good dose of patience.
I believe we are very many out there looking for legitimate source of building wealth.
This is just one more avenue we can utilize to team up together to accelerate our financial freedom.
Knowledge they say is power, but until acquired knowledge is applied, there can never be power.
Therefore I humbly declare this forum open to all chartists, fundamentalists, and freshers alike.
Lets keep it simple, no fighting or bullying , be of matured conduct, engage intelligently, add some humour, have lots of fun and of course make money together in the process.
Wow...the Dow has already jumped 500 points today , rebounding from the slide caused by the coronavirus in China!
Let me see how this reflects on my portfolio.
63 Likes 5 Shares
|Re: Us Stocks Pick Alert by hopeforcharles(m): 6:03pm On Feb 04, 2020|
OakPearl:I have been following the international stock trade and let's see what u have got I am in.
5 Likes 1 Share
|Re: Us Stocks Pick Alert by OakPearl(m): 6:07pm On Feb 04, 2020|
You are welcome bro.
Your experience and insightful contributions will be a valuable asset to us here.
|Re: Us Stocks Pick Alert by OakPearl(m): 6:32pm On Feb 04, 2020|
You can trade real US stocks using any of the following android apps:
I use Trove and have no reason to switch just yet.
21 Likes 4 Shares
|Re: Us Stocks Pick Alert by OakPearl(m): 6:57pm On Feb 04, 2020|
So 4 days ago on 30th January I bought into this Chinese electric car manufacturer NIO at $4.03/share.
I thought it would tank further when it went down to $3.80ish yesterday due to the coronavirus scare in China.
It has powered to $4.54 right this moment at an 11.7% gain today.
11 Likes 2 Shares
|Re: Us Stocks Pick Alert by hopeforcharles(m): 7:08pm On Feb 04, 2020|
I use chaka, but hope to try another one. I am thinking of which stock to invest in, either in cannabis, or tech I am just thinking and researching hope to get a new entrant.
|Re: Us Stocks Pick Alert by OakPearl(m): 7:14pm On Feb 04, 2020|
Good to know you are working hard.
A lot of US analysts have tipped stocks in two main sectors: Cannabis and 5G sectors.
|Re: Us Stocks Pick Alert by gamaliel9: 8:35pm On Feb 04, 2020|
I use Chaka, yesterday i bought TESLA at 726.55...today as i type it is at 926.55 I am still in shock
This is a welcome development buying global stocks... OP,i will look to buy into those chinese electric cars..that is the future
|Re: Us Stocks Pick Alert by OakPearl(m): 9:38pm On Feb 04, 2020|
You bought Tesla?...awesome.
Am so happy for you bro.
I hesitated a bit thinking the coronavirus scare will depress it like all other US stocks.
How wrong I was.
Tesla closed today at $963.22, that is a whopping 23.49% ($183.22/share) gain from yesterday's closing price!
So excited for you.
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|Re: Us Stocks Pick Alert by OakPearl(m): 10:02pm On Feb 04, 2020|
With a solid due diligence, I believe you can make a great find.
There lies the "new Tesla".
|Re: Us Stocks Pick Alert by ThundrCork(m): 10:04pm On Feb 04, 2020|
How safe are these apps? Are there any form of insurance, like we have NDIC protecting customers funds in Nigeria. Also, will one be paying US tax, trading from Nigeria?
|Re: Us Stocks Pick Alert by OakPearl(m): 10:15pm On Feb 04, 2020|
They are actually company apps verifiable by a visit to their offices in Lagos or via phone.
I have spoken to them on phone and via whatsapp and gotten clarifications from them on certain matters.
Since US based brokers cant do a proper due diligence on you due to geographical location, these companies do due diligence via certain KYC documents just as is required when opening a bank account with a compulsory demand for your BVN to afford us the opportunity to open trading accounts.
The safety is in the fact they are fully registered with US licenced brokers and so save investors in the diaspora the hassles of requiring US residency to be able to invest.
22 Likes 1 Share
|Re: Us Stocks Pick Alert by sholatech(m): 2:12am On Feb 05, 2020|
Great thread. Downloaded both Chaka & Bamboo. Still awaiting Kyc verification on Chaka & Bamboo trying to fund my account.
3 Likes 1 Share
|Re: Us Stocks Pick Alert by Nobody: 2:17am On Feb 05, 2020|
I love stock trading especially international but I'm a jjc in it and that sucks.
How do I start.
How do one monitor stock market?
UK to be precise.
@op, can u respond pls?
|Re: Us Stocks Pick Alert by Nobody: 8:47am On Feb 05, 2020|
The important thing is to know the custodian of your fund. and investment, just in case any of the apps promoter is bankrupt. Ideally the custodian should ringfence your securities and protect it from the promoter business account. The account should not be used as a collateral to borrow funds nor should it be made accessible for debtors.
Before patronising the promoter of TROVE, BAMBOO and chaka, do ask them to give you an evidence of investment protection.
Certification by SEC nig and US
If they cannot offer you dz, then there is a fire on the mountain... Run for cover
29 Likes 4 Shares
|Re: Us Stocks Pick Alert by Nobody: 8:52am On Feb 05, 2020|
Hi, you can trade US stocks and ETFs successfully.
The first step, download Yahoo finance app
The app will guide you to different market makers in the US
The market makers will often tell you what to buy.
Yahoo finance app alone can help you in a great way.
19 Likes 6 Shares
|Re: Us Stocks Pick Alert by Nobody: 9:51am On Feb 05, 2020|
Amotekun2020:Thanks but I had wanted a step by step explanation for a layman.
|Re: Us Stocks Pick Alert by ScepterWorld: 10:45am On Feb 05, 2020|
I want to be like you when I grow up.
|Re: Us Stocks Pick Alert by gamaliel9: 11:12am On Feb 05, 2020|
I think the tax is deducted from your dividend. Also since one does not use USA government infrastructure and facility... USA non-resident cannot pay tax...i stand to be corrected
|Re: Us Stocks Pick Alert by ScepterWorld: 11:17am On Feb 05, 2020|
I am about to earn my first dividend; so I can't confirm tax deductions.
My conversation with Trove officials about how to receive dividend payment was encouraging.
They dividend is paid to your trading account directly once it is declared.
|Re: Us Stocks Pick Alert by ScepterWorld: 2:02pm On Feb 05, 2020|
I shall give updates as time permits.
The US market opens from around 3:30pm-9pm Nigerian time, Monday to Friday, except on week ends and US public holidays.
Early signs from pre-market activities indicate the market is set to continue the rally that began on Monday.
17 Likes 1 Share
|Re: Us Stocks Pick Alert by StellarThesis: 6:01pm On Feb 05, 2020|
Exactly. How do you open an account to trade from Nigeria
Do you trade in dollars or naira?
We need a step by step guide
|Re: Us Stocks Pick Alert by gamaliel9: 7:06pm On Feb 05, 2020|
When i was researching on US stocks,i was so happy seeing monthly and quarterly dividend stocks....i went to check further and found that if you do a proper due diligence...you can be earning weekly dividends based on company stocks you bought and particular week that they pay dividend in a particular month. That is, there are stocks that pay first week in their quarterly dividends,some second week,others third week and so on...in January,May,August and December etc...you have to find particular month and week each stock pays...from there you buy in such a way that each week..there is a stock that will drop something in your account......12 stocks that pay quarterly can get you this.
26 Likes 1 Share
|Re: Us Stocks Pick Alert by gamaliel9: 7:14pm On Feb 05, 2020|
I registered with Chaka with full name as in my bank account...know your customer kyc...including your bvn...
When you deposit in naira,cash or online...it will hit your account in naira. Then if you want to buy US or other countries stock,they have an exchange option on the site. Just click on it and wait for some minutes...it will become dollar .....then you can buy stocks with it. When you want to withdraw,you hit the exchange option again...your dollar goes to naira...then you withdraw to your bank...savvy?
40 Likes 2 Shares
|Re: Us Stocks Pick Alert by CowbellY: 8:41pm On Feb 05, 2020|
I have a bamboo but haven't funded yet. Is chaka better ? Trove ?
|Re: Us Stocks Pick Alert by gamaliel9: 9:34pm On Feb 05, 2020|
At first i wanted to register with Trove but they require international passport which i do not have now...Bamboo..i have not thought about it
|Re: Us Stocks Pick Alert by ScepterWorld: 9:45pm On Feb 05, 2020|
Requires a lot of careful planning to select the right stocks with reasonably high dividend yield.
4 Likes 1 Share
|Re: Us Stocks Pick Alert by Asuito7(m): 9:56pm On Feb 05, 2020|
Op, what document is required to do KYC with any of the broker
|Re: Us Stocks Pick Alert by ScepterWorld: 5:53am On Feb 06, 2020|
KYC documents include scanned copies of:
1. Passport photograph
2. Valid means of ID (Int'l Passport or drivers license or national ID)
3. Utility bill as proof of address
4. BVN no.
Just the basic docs required by banks during account opening, to avoid multiple or fictitious account duplication.
18 Likes 1 Share
|Re: Us Stocks Pick Alert by ogunjyde2004(m): 11:43am On Feb 06, 2020|
Everyone has unclaimed dividends and unclaimed shares. To find your own, talk to me.
|Re: Us Stocks Pick Alert by YerYer: 5:39pm On Feb 06, 2020|
Following. Hope to learn along the way.
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