COMMON MISTAKES INVESTORS MAKE 2

4.They don't monitor their investment:One of the greatest mistakes an investor can make is not to monitor his investment.Most investors don't put their heart where their treasure is.Some don't even keep receipt of payments to their stockbrokers or tellers used to pay for public offers.They treat their investment with levity.Little wonder some stockbrokers smile to the bank after swindling some careless investors.One way to keep track of your investment is to register for the Trade Alert service offered by the Nigerian Stock Exchange.The Trade 6. Alert is a device that notifies you of any transaction on your CSCS account.It also brings to your notice other vital information such as dates of AGM and other company news.

5.They don't demobilize their share certificates:Another big mistake some investors make is to keep their shareholding in paper or certificate form.Some even laminate it to preserve the quality of the paper.Certificates are not meant to be kept at home.They are meant to be deposited at the Central Securities and Clearing System(CSCS)by your stockbroker.This is aimed at changing it from the paper form to an electronic form.This is because it is only the electronic form that can be traded.

6.They don't trade their shares:I have also observed with keen interest that most investors don't trade their shares.They give different reasons for this. Some say they don't because they don't know when to sell and when to buy while some others say they want to keep for the future.I strongly believe that there is need for you to trade your shares so as to take advantage of price fluctuations on the Stock Exchange.There is no point being sentimental about a stock.

7. They use temporary address:If you go to Universities you will be shocked with the number of dividend warrants and bonus issues that are left unclaimed.They belong to students who have graduated from the university over the years.This account for the huge amounts of unclaimed dividends.It is a very costly mistake to put the address of a place which you know you would soon leave because it could be very difficult to get your mails.If you have made this mistake before,contact the Registrar of the company where you have shares to change your address to a permanent one.

8.They buy names and not fundamentals:One way to quickly spot novice investors is their penchant for 'big names'.They want Guinness stock ,Diamond stock,etc.I am not saying that these companies are not good but most times people buy them because of their past performance when there are better stocks with better prospects and fundamentals selling at a discount.
lest I forget,Japaul and Fidelity offers are in the market.These two stocks have so many things in common:
1.Good and proactive management
2.They were both penny stocks before people discovered their inherent potential.
3.They are very affordable.Japaul is N3.95k while Fidelity Bank is N8.These stocks are good buys.
Avail yourself of these offers and share in the wealth of Nigeria!