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How Has The Stock Market Decline Affected You As A Person?

At the peak of the stock market boom, people were encouraged to massively invest. A friend of mine would often say :if you have two cars, two houses and/or two wives, sell one and invest the proceeds in the stock market.

Since the decline, those who followed such advice and invested massively have been seriously affected.

In my own case, my investment in one of the recently sanctioned banks has dropped by about 90% from the value about this time last year. An investment of N3m is now worth only about N200k+.

I had planned to pay off some obligations with the investment before the bubble burst!

I know of some who were unable to pay their school fees having invested what they had in the market.

Could you share your own experience?

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47 answers

There's nothing "NIGERIAN" about a stock market meltdown. Read the news and see what's happened in other countries. It's a global recession not a NIGERIANession.

Stop misinforming people!

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Be fearful when others are greedy and greedy when others are fearful) this meltdown is an opportunity for people to invest more because very soon the bullish market return!

so keep investing, [b][/b]

bin waiting for this let me let u no dat u can not compair advanced markets like NYSE to NSE ok people malipulate ours dey dont do dat i'm waiting for wen u b gfeedy cus u wikll nt belive it dis time

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hi folks,

it is very disheartening that many young investment folks got trapped in the capital market meltdown.sincerely speaking,i am also a victim of the circumstances,but notwithstanding for how long are going to be discussing this issue? for how long are we going to be eroded in our worth as the market plunges day in day out.

my friends,this is thee method i have been using,at least to stay afloat,because i strongly believe at the end of the banking saga we shall all smile again.the methods are

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Topic,

I lost substantial amount and it broke me but didnt kill me. . .

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Hasn't affected my life in any way, thankfully. Didn't invest any money. Protip: It pays to be skeptical when dealing with anything Nigerian, ALL THE TIME.

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MY guy try not to laugh at peoples misfortunes.

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So much ignorance on this thread. . .

Someone even called investment on the stock exchange gambling . .

Becos we lost money doesn't mean sound reasoning should depart us as well. . .

Speak less about what you knoweth not much about.

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Those of you lamenting and cursing, you violated a fundamental rule of investment which is not to risk money you can't afford to lose. Another mistake many of you made was to have invested without a strategy or exit plan.

Personally I have lost money too from the stock market but that is in very small amounts since I use an effective stock market strategy in cost Averaging.

The stock market offers the best return on any form of investment on the long term (I'm talking 20 or more years). Invest for the long term and short term woes will not bother you.

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What are you talking about? where there no corporate frauds, manipulations and deceit in the American financial sector? Have you heard the names; Enron, Worldcom? I strongly recommend you read House of cards. I have a copy to borrow you if you cant spend that much on a book.

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i invested 250k into one of the private placement of ocean registrar call Geo fluid i have not heard anything from them i bought dangote worth 170k plus i have to sold them at meagre of 70k to pay my school fee.i have insurance and other stock that i sold and lose massively.It is a pity that we have found ourself into this mess that is why i would not advice any fellow here to invest in the stock be it bearish or whatever name it is coined.The so called speculators are no where to be found after spurious lies that have been feeding us on Success Digest and Finance Standard.I am really dejected but i have to take the bull by the horn to look for someone else to invest my money left with me.

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Do accept my sympathy,WiTi.

You will recorver from this.

The business is about ups and downs just like life itself.

The key is remain vigilant and watch your investment closely.

CHIN UP MAN.

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I escaped the snare of the fowler with profit.

I am not smart but na BABA save me.

Pls the world is changing and has changed so be getting out gradually from the fallen market.

Forget the old Capital and see the current value of your stocks as the new capital

e.g #1million in NSE in 2008 now #100,000 in 2009.

Set your target Value price e.g 5% increase and sell off.

This is penny stock trading if you are good and you still need info and revelations so as not to burn your fingers and faces again.

Also invest in Real Sector like Food, Agric, Real Estate and the Poor

Best of results.

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@blacksta ur are on ur own

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u go wait forever. Another opportunity to induce your earnings on your lust.

joker

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i was forced to take a share loan of millions but today that millions am paying intrest and princpal is not far from thousands, may God create another chance for us.

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truly this is a time to invest, though time to ripe may not be by the corner but for sure we shall smile[color=#006600][/color]

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i have also lost much and of recent, sent 50k to my mumsy to open a saving account for me and she used the money to go and buy shares, i almost cursed her because it was during the period of recession started in uk den, but it wasnt it naija.

naija recession is as a result of the bank ceo thieving culture, and manipulating the books thats why what is happening in naija today has happened. God help us all.

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It was a great finacial blow to me

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sell and get out.

It will only get marginally better or really worse.

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You don't wanna know how much i lost in the stock market,

but all the same i am still alive.

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i rily dont know if i can call myself lucky or unlucky.I cant and i dont eva tink i can sit down and calculate my loss ,i dont want to commit abeg bt i tink my little luck is that i tied some lil funds in acorn private placement and real estate bt cos of fear and love of stocks,i didnt invest as much as i should have done in real estate bt thank God i ve nt resigned,walahi,i for hear wien.Look,in my next time of experiencing stock market boom,i am very sure I cant make as much loss as this.I should have known the nija factor of corruption would arise and spoil the whole thing,abeg that NSE nids restructuring,imagine,u go buy offer,dem go hold ur money for years and at the end return substantial amonut of ur money without interest!gbajue people.

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The Nigerian capital market went down through corporate fraud and self deceit, it may take an insider to understand the details of it, so please stop using WARREN BUFFET theories to invest in this market!!!

If Buffet had invested in the Nigerian market,his investments would be worth papers right now,,,Nigeria's situation defies all theories!!!

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I lost about 20million naira to the stock market crash and its affected me a whole lot.I believe in the maxim that when there is life there is hope. Life is all about ups and down and i believe the market will definitely rebound one day. The truth is we should be expecting a full recovery by year 2011, the Nigerian stock market was subjected to alot of price manipulations, irregularities and poor corporate governance. The D.G of N.S.E has failed nigerians and i believe the most honourable thiing is for her to resign.

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guys remember that the recession is over and stocks around the world is going up.

why ours is still down is because of the problems in the banking sector. i think when the results are released and they are good it will make the market to come back live. as a matter of fact i still buy stocks.

@who said the stock market all over the world is bottoming and its just nigeria.there are still major concerns all over the world especially on the US economy which is still shaky.The US economy is a consumer and people are not really buying because they have no jobs,so how will they pay for goods and services.

Since the begining of the year americans have lost 5 million jobs due to this melt down,

so we are going to see little rallies but more of bears since most stocks all over the world have been over bought.

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lost about 5-7 thousand dollars in foregone wages this year so far,

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YOU TALK AS IF U DONT KNOW THAT OUR RECESSION IS A MANIPULATION B/W BANK CEOs & PEOPLE LIKE MR PETER OLOLO. WHAT YOU ARE SEEING IS JUST THE FALLOUT.

IF WARREN BUFFET IS A NIGERIAN IS ADVICE WILL DEFINETLY BE "BE FEARFUL ALWAYS AND STOP BUYING SHARES UNTIL PETER OLOLO FINISHES PAYING ALL HIS DEBT.

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Many people do not know much about this stock market, all they hear is that you can make money in the stock market and they jump in , they dont have a financial plan nor have a financial goal. In the history of stock market in US, UK and all over the world ,there is always a reccession and expansion ,presently we are witnessing the recession and it will soon be over. Somethings ago in the U.S stock market the market was bear for about 38months.So ,guys it is not a new thing, early this year WARREN BUFFET is the greatest investor of our time,for the past 20 years he has remained the world's richest man.He popularly called the oracle of omaha.Buffet's famous admonition to investors is to (Be fearful when others are greedy and greedy when others are fearful) this meltdown is an opportunity for people to invest more because very soon the bullish market return!

so keep investing,

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Its so painful. Imagine someone starving so as to be able to invest in shares. I have lost close to 10 Million in all. But the most painful was buying 100,000 units of TRANSCORP shares @ N7.5 as well as pay for commission. Transcorp now sells for N0.50. The company is yet to declare dividend nor give bonus.

The good thing is that i now have "something" to include in "MY WILL" for my unborn children.

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@blaksril,9mill to 300k? hun na whaooo.Where did you invest?

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It is so painful, and have always avoid discussing it. But my consolation is that, I had invested for the future, i hope it pays off eventually. The funny thing was that I was still sweet talk into investing when the market started picking up in the first quarter of this year.

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I have lost a lot but not up to 50% of my initial investment. For those of us who traded by selling during the boom days, we did not really lost. Boots & dividends are still coming if u are monitoring your money invested

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To me digity in the financial sector in Nigeria has been soiled!

Dearly beloved, just believe that, God will judge all those responsible, for the so call, declined!

It actually affected my father!

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basically lets just it is not as u put it

technicall, u r correct, but analytically u r wrong

if know about what you r deving into, then it will not be seen as gabling at all. i think it is time plp know about the echniques of wat ever they r going into.

thank you

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a guy came to me and told me to invest 2million naira in the stock market dat within 6 months i will be smiling to the banks. i told him i don't gamble most especially in the Nigerian environment. he said am not a good businessman that my mates are reaping millions in the stock market while am busy piking kobo. i simply told him dat i prefer seeing my investment and managing it myself. i dnt beleive in abrakadabra!

i told him i will rather use 1million naira and open various call centres or invest in okada business, it will be more successful than investing in stock market because i will be creating some form of jobs for our teaming jobless youths.

i saw this same guy yesterday and i ask him how about the stock market thing he simply said to me "forget it man de thin dey crash like cars on lagos ibadan expressway!" i wonder what he would av told me now if i have followed his advice and invested in stock market.

Nigerians please its time we start thinking about tangible investments not gambling in the stock market!

the whole lot of you that have lost heavily, the stock brokers call you 'losers' and they will encourage you to be patient and invest more that you will be a 'gainer' one day! and funny enuf many of you will still invest again.

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my friends u have to take the risk and invest just like am doing now.

only two things will happen

u become rich or u lose some money,and none of them will kill u.

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My polifo used to be about 2.9m but it is about 400k now but I am sincerely not bothered. One the money belongs to me 2. I wasn't investing for the immediate future 3. I am learning from the crisis in fact praying for it to continue a bit more till I am done buying up all my loses 4. I started the market with 200k meaning I still have some profit.

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Wow, I most say it is really a BLOW to my dick. U knw how it hurt wen some1 hit ur kingdom, tat hw it hurt but I came to console myself tat since I don't need the money in 5 years why dont I wait and see the stock market performance. I invested 1.5ml into banking and not it worth like 150k-200k. It look as if I watch the invested burn down by fire without me been able to save it cos am tie up in chains. I hope it come up soon cos I can't afford to loose that much. My advice to any takers is to sit down and see. Don't think of selling ur share cos U r going to go bankrupt. It is worth waiting for so lets wait.

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It murdered me. From about 9 mil to 300k. But well thank God 4 forex.

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For those of us who have made so much money in the market b4 the crash, making losses is part of the definition of business. The worst hit are those that hop unto the train when it was about to crash. I guess when a warrior comes back alive from a war, it is only to prepare for another war. I still dey kampe.

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@malele. i think u neva LEARN wit dis disgraceful situation on ground u still want to buy more GOD SAVE UUUUUUUUUUUUUUU

THIS SCENARIO ON GROUND SHOULD SERVE AS LESSON

THE CAT AND MOUSE GAME THEY ARE PLAYING WITH OUR HARD EARN CUREEENCY(bank and debtors)OLOLO and co

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guys remember that the recession is over and stocks around the world is going up.

why ours is still down is because of the problems in the banking sector. i think when the results are released and they are good it will make the market to come back live. as a matter of fact i still buy stocks.

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I dont see the market coming up any time soon. People will be more cautious with their money. I am no expert in these things but it is not difficult to see that an unindustrialised nation like ours is not ripe for the stock market games we play.

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guy just relax it will come up as soon as the banking saga is over.

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investment of 1.4million naira as at nov 2007 don turn 552k for me, cant sell , not happy wit it at the same time, guess just gotta keep waiting and hoping,

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@ IykeD,

Sorry to hear that.

Any more takers?

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As for me, the thing did not just affect me, it has killed me.I put everything i had there (which was quite substantial) while still in school and my plan was to make some turnover and go for my masters immediately after service and/or start my own business.Now i don't have anything on me worst still, i have not secured a job yet.I have a long story to tell,

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@poster

The thing whole stuff still looks like a mirage to me, don't like talking about it. I leanrt the five banks undertake over are heading to 50kobo by december to pave way for foreigners to buy them at penny stock price.

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