HOW TO START INVESTMENT

BEFORE WE START LET US LOOK AT THIS MARKET REPORT FOR 14-07-09 BY CASHCRAFT RESEARCH UNIT
The market continued its downward trend today as the number of stocks that gained dipped from 35 of yesterday to 18 while the number of losers
rose from 52 of yesterday to 94 and 18 remained unchanged against 35 of yesterday. The discouraging outlook of the market was compounded by the
maximum drop in the price of First bank inspite of the N1.35k dividend and 1:6 bonus declared. First bank traded 30,563,400 units which was about 11.24%
of the units traded in the sector. Panic sell may further drag the market down and this may have negative effect on the First bank price .This trend defied
investors’ expectations! However, GTB, Intercontinental and Zenith banks continued on the upward price movement. Anticipation for Intercontinental bank
2009 Audited account may be linked to the present upward movement in its price.

All indicators dipped further today with the All-share index declined by 1.824% and Market capitalization dropped by N108.64 Billion. The decline cut across
almost all the sectors and was much than that of yesterday. The hope of rebound is not yet in sight, most probably not this week as this downward trend may
last the remaining trading days of the week.

Banking sector still topped in terms of transaction volume and value recording 271,975,691 units and N2.586 billion. The drop may not be unconnected
with the tightened inflow of liquidity into the market. It seems many of the banks are even selling to boost their liquidity positions.

Inspite of the ongoing trend, discerning investors will still continue to boost their returns by taking positions both for the medium and long terms in stocks
with potentials for good returns. Impressive returns that may be declared as new results are released may stimulate the market again.

DISCOURAGING SOME WILL SAY BUT A REAL INVESTOR DOES NOT LOOK AT NOW ONLY BUT THE FUTURE AS WELL. SO THE FACT THAT THERE IS DOWNWARD TREND MEANS OPPORTUNITY TO BUY AND TAKE POSITION.

BACK TO THE THE TOPIC, HOW TO START INVESTMENT. THE TRUTH IS THAT INVESTMENT IS LIKE RELIGION IN THAT THERE HAS TO BE DETERMINATION TO DO IT. WHEN ONE IS DETERMINED, IT MEANS HE IS WILLING TO MAKE SACRIFICES TO ACHIEVE A GOAL. SO THE FIRST THING IS TO CHECK YOUR SPENDING HABIT. CUT DOWN ON SPENDING AND THEN SAVE. THE TRUTH IS IT DOES NOT MATTER IF YOU HAVE AN UMBRELLA OR NOT, IT MUST RAIN AND SO IF YOU ARE NOT READY THE RAIN WILL FALL ON YOU. SO YOU MUST SET SOMETHING ASIDE FROM YOUR INCOME AND THAT IS WHAT YOU WILL USE TO INVEST.

THIS IS THE FIRST STEP TO INVESTMENT, STOP IMPULSE PURCHASE AND SAVE SOMETHING NO MATTER THE SITUATION BECAUSE THERE WILL ALWAYS BE PROBLEMS.

WE WILL CONTINUE LATER ON THIS REMEMBER FOR MORE YOU CAN CALL 08055816625 OR IF YOUR INTEREST IS PROPERTY OR YOU HAVE ACCOMADATION NEED AROUND YENAGOA, CALL 07032335367 (MRS AKATA). TALK TO YOU SOON.