If you have an interest in stock trading, learn how to invest in stocks using Trove.
Buying company shares/stocks and reaping dividends has always fascinated me since I began reading the OandO company reports magazine as a little girl. My major interest was in reaping the benefits.
With time and everything moving to the internet, I stopped seeing such magazines and completely forgot about it.
Around March 2020, a friend posted about 4 investment apps that give Nigerians access to acquire foreign stocks, she posted about them using their logos.
I had never heard of or seen the logos so I couldn’t guess the names as required by her post. I kept checking the post for comments until someone replied with the names of the 4 apps.
Trove, C****, B*****, and R*******.
My curiosity was piqued, since I had already been looking for avenues for buying stocks of companies outside Nigeria.
During the first lockdown in April 2020, I downloaded all 4 apps and started testing all of them. I actually felt comfortable using the Trove app and transaction cost per trade was affordable, so I sold all remaining stocks in other apps and stayed with Trove.
Trading stocks have taught me valuable lessons about patience and due diligence. I have incurred major losses; I have incurred interesting gains.
Surprisingly, I got a call from a delivery guy sometime in July 2021, seeking to confirm my address for a package in my name. I didn’t order anything, so I just confirmed the delivery address and forgot about it. I collected the package from the person who received it on my behalf, and this shows up.
A polo, biro, notebook, mug, 16GB Flash drive, all Trove branded with a thank you note.
I know this sounds like free advertising, but it felt good. Trove Finance, oshe! Thank you for the gifts.
Learn to trade stocks in Nigeria using Trove app.
When people shower you with monetary gifts for any reason, don’t eat all that money. Don’t spend all of it buying human hair.
Trendy styles will continually come. If you don’t wear the trend this year, next year’s own could be da bommbbb. So you are basically not missing out.
You drink coke and buy milo for tea every day. Well, if not you, somebody in the family does. How about becoming a shareholder in any of those companies you consume their goods daily?
These companies are outside Nigeria but they are making money off you because you are consistently consuming their products. You enrich them but never get any other thing out of it.
Decide today, to create a budget for yourself, call it an investment budget.
With this budget, you get to buy a part of the company and earn profits from owning a part of the company. These companies are not shutting down or going bankrupt anytime soon. Do you know why?
We depend on them. What’s a party without drinks? What’s breakfast for your grandma without bread and tea? What’s the internet without a data subscription?
Warning: Always perform your due diligence and conduct your research before investing in any stock.
You can own a part of those companies you buy their products monthly by learning how to buy their company shares using the Trove app.
You build up your investment bag owing parts of different companies and sell the shares whenever you feel like it.
If you don’t want to sell, you can even include the shares in your will and pass them down to your children or relatives.
Learn today how to trade stocks using Trove, learn how to find and buy those company shares and build up your passive income.
Click here to sign up on Trove.
7 Interesting Real Estate stocks of 2023.
I’m in the building industry, so you can understand my interest in real estate stocks and investments.
I do understand some people’s feelings about buying into stocks that don’t seem to have daily repeat sales (consumer stocks) but if you are following trends, most buildings and homes are clocking 40 years and above and trends have a way of influencing homeowners.
Whether you like it or not, you get that feeling or need to make some changes, improve something or change a space that is not working.
Investing money to make these changes (sometimes resulting in a complete overhaul) keeps the real estate sector booming.
I’m sure you understand what dividend stocks mean but even if you don’t, let me explain (note that stocks and shares are used interchangeably in this post).
Dividend stocks are stocks on stock companies (usually with established sales and profit margins) that remit profits to their investors and shareholders. It’s the profit made on the money you gave to the company when you bought the company shares. By buying the company’s shares, you become a shareholder.
There are other types of stocks but we are focusing on dividend real estate stocks.
Real estate includes everything about owning, building, renting, leasing, renovating, and restoring a building.
There are two ways to earn money in the stock market. You can earn through dividends or by an increase in share price. Earnings from dividends are paid out to you as the company makes profits, while earnings from increased share price can only be accessed when you sell your shares.
Earnings from dividends can be reinvested by buying more of the same company shares or other company shares, making for higher payouts, and letting your profit growth compound or you can use it for your living expenses.
Remember that if you do not know how to trade with stocks in Nigeria, you can go check this product. Here are dividend Real estate stocks options you might consider.
AGNC Investment Corp.
You can find it in the stock market with the company name or with the ticker AGNC. Ticker is a set of alphabets used to identify a company in the stock market. As of today, 15th March 2023, 1 share price is $10.29.
Annaly Capital Management, Inc.
Ticker is NLY. As of today, the 1 share price is $19.00.
Global Medical REIT, Inc.
Ticker is GMRE. As of today, 1 share price is $9.59.
Realty Income Corporation
Ticker is O. As of today, 1 share price is $63.38.
Federal Realty Investment Trust
Ticker is FRT. As of today, 1 share price is $97.00.
Prologis, Inc.
Ticker is PLD. As of today, 1 share price is $119.83.
W. P. Carey Inc.
Ticker is WPC. As of today, 1 share price is $79.40.
You can buy one or as many shares as you desire.
If you can’t afford the total cost for one share, for example, let’s say you want to buy Amazon shares and the cost of 1 AMZN share is $200, and all you funded your trading account with is $50, you can buy into the Amazon company with your $50 and what you just did is known as fractional buying.
You own a quarter (1/4) of 1 full Amazon share.
Remember that every trading app comes with a fee per transaction (buying or selling). You might need to add extra to what you funded your account with if you want to buy a particular fraction of a share.
As long as you hold the share (meaning that you don’t sell), your dividend will be a quarter of whatever is paid to 1 share.
For example, say, $2 is paid out to everyone holding a share of the company, the person who bought 100 shares at a total of $20000 will earn $200 in dividend payouts.
While you who bought 1/4 shares at a total of $50 will earn $0.5 dividend payouts.
This is to help you manage your expectations on dividend payouts from a company.
