WHERE TO PUT YOUR MONEY IN 2008

Happy new year to everyone.Year 2007 was a great year for many investors:sophisticated or novice.Not too many people got their fingers burnt last year because of the continuous injection of public funds by pension managers and other institutional investors.This led to the upsurge in the prices of almost all the 300 equities listed on the exchange.This led to increase in the P/E of most stocks and a reduction in their Earnings per share.Most banks also came to the exchange the second time in three years to shore up their capital base.
Having given a brief review of the activities in the capital market,I will now give my advice on where to put your money in year 2008.
The surge in the prices of companies will continue as more and more funds find it way into the capital market.I am, however, confident that the sector that will benefit the most this year is the insurance sector.Most insurance companies will appreciate rapidly this year(the price rally has started)because they now have more money to play with.Do not forget that the Federal government just released the money that was raised by them to meet the new capital base.This is expected to have a positive effect on their financials.Insurance stocks generally will experience a rally in their prices.I will, however , recommend some that I can place my money on:
STACO insurance:This company is managed by a proactive management that is bent on catapulting the company to greater heights.The company is also gearing up to raise more funds on the exchange.If you can quickly take position in this stock before a ban is placed on its price.
AIICO INSURANCE:this company also has a sound management and it just beefed up its capital base.A share reconstruction is likely, to reduce the number of outstanding shares.Expect a price rally in this stock immediately the technical suspension is lifted on its price.
Lassaco insurance; it has the second highest EPS in the industry.Watch out for this stock.
LAW union and international emery insurance are also good stocks that will not disapoint investors this year.
Investors should also put their gaze on the following stocks :Wema bank,Chellarams,UBA,Zenith bank,Access bank,University press as their earnings will improve significantly this year.
I will complete the topic I started last month"investing with dates and with numbers"next week by the grace of God.
Keep investing!