Dipo Tepede.POeT

I stumbled over ur website from a cybercafe PC.
but very pleased of the wonderful resource ur website has been to me.
thanks for a wonderful job

regards
Sheriff

thanks airforce one.

your analysis of paul getty's philosophy is most commendable.

most appreciated.

balogun

hi there folks tis another great piece dips has given. i appreciate. one thing i want to say.
As for what d oga said, «This is why I have taken my time this season not to introduce any investment vehicle (though I have seen some juicy ones that are safe-proof) because I wanted investors (including me) to understand the ABC of investment so they can make right choices» This is very fair and sound but at the same time if you know its good stuff (not all those wonder wonder stuff, if you know what i mean!) that you got please dont delay so we sef go invest. and in addition to the culture of a successful investor i thought you could add this.

8 Wealth Building Secrets from J Paul Getty

Let the Wealth Building Secrets of one of America's greatest and famous Billionaire, J. Paul Getty inspire you to a great Achievement.

One of the shortcuts to building wealth is to learn from those who have achieved great wealth.

The late Billionaire John Paul Getty was known as one of the greatest wealth builders in American history.

He was kind enough to distill his building wealth rules for anyone who desires to amass wealth like him to follow.

Building Wealth Secret No. 1:

To build wealth today, you must be in your own business.

You may think that the corporate executive with a $100,000 salary is better off than small shop owner, but the executive will be hard-pressed to double his income and taxes will eat up most of any increase.

The simplest peanut vendor has unlimited opportunity to expand his business and his income, and even salesmen, who in most cases are able to write their own paychecks, can control his sale increases himself.

Building Wealth Secret No. 2.

You must have a working knowledge of the business when you start and continue to increase your knowledge of it as you go along.

If you don't know what you're doing when you start, your mistakes will be costly and often unnecessary, and you won't be able to keep up with the technological explosions in any field.

Start smart and stay that way.

Building Wealth Secret No. 3.

You must save money in your personal life and in your business venture as well.

Discipline is the key to saving money. You must develop the will power to deny yourself immediate gratification or the temptation to gamble on the quick buck. Resources will be needed for expansion and should be guarded carefully.

Building Wealth Secret No. 4.

You must take risks, both with your own money or with borrowed money.

Risk-taking is essential to business growth.

Nelson Bunker Hunt is admired for his guts in trying to corner the silver market, not scorned for losing money on this deal.

Some of the richest men have staked their entire fortunes and lost, several times over, before the risk-taking paid off.

Back those risks with good judgment, experience, commitment, And the right support.

Seek advice on risks from the wealthy who still take risks, not friends who dare nothing more than a football bet.

Building Wealth Secret No. 5.

You must not only learn to live with tension, you must seek it out.

Thrive on stress! If it means getting physically fit, having a psychiatric overall or losing 50 pounds before you can handle it, do it.

Once you can learn to thrive on stress, you will not only enjoy it, you will seek it out willingly and enthusiastically and wonder how you could live any other way.

Men of means look at making money as a game which they love to play.

Consider it serious business and you will suffer far more stress than you need or want.

Keep your perspective or your stress level will rocket beyond your control.

Building Wealth Secret No. 6.

Build wealth as a by-product of your business success.

If wealth is your only object in business, you will probably fail.

Wealth is only a benefit of the game. If you win, the money will be there.

If you lose, and you will from time to time if you play long and hard enough, it must have been fun or it was not worth it.

Building Wealth Secret No. 7.

Patience.

This is the greatest business asset. Wait for the right time to make your moves.

Let your business grow naturally, not by pressing your luck.

Building Wealth Secret No. 8.

Diversify at the top.

Once you've made it, you'll understand that any business is limited in the challenges it offers.

You'll want and need other games to play, so you'll look for other ventures to hold your interest.

dear dipo,

thanks for the write-up.

what are you keeping back because i know you are planning something on investments

hope you reveal it soon anyway.

regards

balogun

@olajuwon,
Ty, but i stay in PH. Would check the stand over here anyway.

Cheers with Luv!

@royal price?u ever heard of stockwatch??u can find at falomo round about,i saw in traffic for d 1st time last week though..............takia

@ Bimbo Olaiya,
thank u for your comments but i think u misunderstood my post. I was only asking Dipo to expantiate his cliam that «â€¦this is not a good time to buy in the NSE because the prices are quite high and they would definitely fall except something goes wrong with the economy».
Like u said,NSE is still «the place to make killings» which i strongly agree hence my request for Dipo to explain his claims with reasons.
I am glad u seemed to have answered one of my question albeit, unintentionally. I had asked if anyone knows of any periodicals on stocks updates and u mentioned StockWatch in ur comments. I see u seem a bit experienced in the trade. i am more or less a jambite on the issue.

Cheers with Luv!

Another salient point, during the last Zenith Bank Public Offering/Rights Issue, there was the opportunity to trade in one's right during the period and make cool cash. The rights issue was offered at N36.90 but could be traded for N46.09 within the same period. Net of charges, that was something above N5.00 per share. Free money that most people did not utilise. because you do not have put down your money in any case.

Hi Dipo and Royal Prince,
I beg to disagree with Royal_Prince on his posts. The NSE is still a place to make killings once you study the market and companies and make informed choices. I will quote a few examples. Afroil was a stock that was selling at a price lower than N10.00 by the end of the second week in January and has risen to more than N27 by Friday the 15 of February. I took a conservative position by buying based on a report in I read in StockWatch expecting no-returns this year but expecting it to do well in the medium term. It has done well beyond my expextion and I can boldly say I sold a third of my holding and recovered my initial investment back which I will re-invest in some other stocks. Right now I will be playing with the Exchange's fund.
Anyone playing the market would know that the share price of African Petroleum is mainly because some interested parties are buying up huge chunks to shore up their positions for strategic reasons. Fears that you expressed stopped me from buying at N130 but I could easily have achieved a 70 - 100% gain within three months. Anyone who knew that Chief Adenuga would be returning to the country could easily have bought CONOIL shares and made close to 40% within one month. Speculation you might say but we do tend to value stocks based also on management or why would UBA stock price rise after Tony Elumelu took over.
For tips, you might want to look in the direction of stocks that foriegn partners have assumed a substantial holding in them. Try Cadbury and IBTC Chartered. The number of units outstanding is not likely to increase in the medium to long term and that will continue to push the price up. Besides once Cadbury gets over the recent case, they are bound to rise. Nestle is worth so much because there are too many hands chasing the few stocks available, same with Guiness.

@ Dipo,
I was going through this post again and would like you to substantiate on this with reasons, «...this is not a good time to buy in the NSE because the prices are quite high and they would definitely fall except something goes wrong with the economy». Why are the prices high and why are they bound to fall? When is the best time to buy or sell? These ?s and more have been running through my head as a result of that statement.
I have said it in some of my previous comments that i am a first time investor in shares and intend going into stock trading.

Do u or anyone on board know of any weekly/or monthly financial magazine/bulletins or stuffs like that that one can regularly get updates on stocks from?

Cheers with luv!