Warren Buffet: Steps towards replicating his results in Nigeria 1

WARREN BUFFET IS NOT A GAMBLER, THIS IS HOW HE DID IT.

As many of us may have heard of him, the name Warren Buffet is not an uncommon one. Surprisingly, one of the things some of us may have heard about him is that he gambled his way to success. Why don't more gamblers appear on Forbes' list of the world's richest people if that is the case?

The stock exchange, or more specifically, the market where people buy and sell units of ownership of firms, is the main source of wealth for Warren Buffet. These units are what the general public would refer to as "shares" of a company. He exercised due diligence and was able to accurately purchase possible ownership interests in lesser-known corporations (shares). As these units' value increased, he was able to sell them for a significant profit.

To read more about Warren, click here. By conducting his study, purchasing shares of a company when they were cheap, and then selling them when their value increased, Warren Buffet was able to amass his wealth. Since Warren Buffet is not a Nigerian, how do these things pertain to us, I know that the majority of you may be thinking right now. What are our options for stock market investment? Do not be concerned; this post is here to direct you toward the initial actions you must take to begin trading on the Nigerian Stock Exchange.

We no longer have to endure the strenuous procedure of traveling to a stock broker's office, travelling to the bank to make payments, and relying on the stock broker to assist you in selling your shares. Technology has made it simple for us to purchase shares of companies from the comfort of our homes. You can now purchase and sell shares in these companies without having to deal with stock brokers directly if you have a mobile device with internet access.

The good news is that we may purchase foreign stock units right here in Nigeria. In the next post, I'll compile a list of the applications you can employ to launch your journey into the stock market.

Keep checking back as we provide you with a list of registered applications through which you can begin your quest to become Nigeria's Warren Buffet.

Please let us know in the comment box, your questions and how you would want us to help.

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