What would you do with N90,000,000,000.00 (Ninety billion naira)?
Let us say you went to the market one beautiful day and saw a fine shirt. You liked it so much that you bought it. When you got home you realised that it did not fit you so could not wear it. What would you do?
Would you throw it away?
Or would you hide it in your wardrobe not hanging but folded beneath other clothes?
Or would you return it to the trader who sold it to you?
Would you rather prefer to give it away?
Or maybe sell it to someone else whom it fits.
There are many ways to solve the problem. All it needs is a decision and the work is done. You can do anyone you want. The choice will only reflect the way you prefer to do things. This then brings us to the matter at hand.
After buying shares and company stocks, what do you do to your investments? Between 2005 and 2008, at a period when the stock market was bullish and profitable, many people took out hard-earned savings to buy up shares. The capitalisation of banks was everywhere and the CBN governors put out standards that made it attractive to Tobe, Dayo and Haruna. Everyone who could cash in cashed in.
However, just as buying ingredients and foodstuff at the market is only one side of the story for there are still other things to do before they can be called food; so also is it to buy shares or make such investments. When the food is ready, it should then be eaten or it will spoil and be a waste. Would you spend money on foodstuff and not eat the cooked food?
You know your answer. Yet don’t we see people doing that to their investments? Let us take a little trip down memory lane. You got a new job, and they didn’t pay your salary for three months because you were under probation. When the pay finally came, it seemed so much that you were at loss what to do with all of it.
Then a friend came along and sold you the idea of investing it in shares. Just before you hauled off all the money, you took out what you needed to pay the little debts that had accumulated over the three lean months, and a little more for your personal needs before the next paycheque. Then you carried off the rest to the stock brokers as part of the plan for a secure future.
Two weeks after paying for the shares, you forgot all about it and life went back to normal. The only reminders were the emails you were getting on the Capital Market. By the third month you stopped checking the stock exchange section of newspapers. Then you forgot entirely because you had to pay more attention to your family and your work. After a while you had made enough money to pay for a new apartment and you moved out of the old small place.
Then the dividends came, but you did not know. The company gave out bonus issues, you did not know. The mount of shares you bought tripled with all the bonuses and you had not a single idea. Until one day you read in the newspapers that the amount of dividends unclaimed by Nigerian individual and corporate investors have exceeded N90 billion and you were surprised.
Still it did not cross your mind that your own dividends were part of this monumental amount that could easily supply part of the National Budget. And with more bonus issues and dividend payouts, the amount is still increasing.
So what should you do? The next time you see a list of unclaimed dividends, go through it and make sure that your name is not there. And if you see your name there?
Find out the best course of action in the next post.
Would you throw it away?
Or would you hide it in your wardrobe not hanging but folded beneath other clothes?
Or would you return it to the trader who sold it to you?
Would you rather prefer to give it away?
Or maybe sell it to someone else whom it fits.
There are many ways to solve the problem. All it needs is a decision and the work is done. You can do anyone you want. The choice will only reflect the way you prefer to do things. This then brings us to the matter at hand.
After buying shares and company stocks, what do you do to your investments? Between 2005 and 2008, at a period when the stock market was bullish and profitable, many people took out hard-earned savings to buy up shares. The capitalisation of banks was everywhere and the CBN governors put out standards that made it attractive to Tobe, Dayo and Haruna. Everyone who could cash in cashed in.
However, just as buying ingredients and foodstuff at the market is only one side of the story for there are still other things to do before they can be called food; so also is it to buy shares or make such investments. When the food is ready, it should then be eaten or it will spoil and be a waste. Would you spend money on foodstuff and not eat the cooked food?
You know your answer. Yet don’t we see people doing that to their investments? Let us take a little trip down memory lane. You got a new job, and they didn’t pay your salary for three months because you were under probation. When the pay finally came, it seemed so much that you were at loss what to do with all of it.
Then a friend came along and sold you the idea of investing it in shares. Just before you hauled off all the money, you took out what you needed to pay the little debts that had accumulated over the three lean months, and a little more for your personal needs before the next paycheque. Then you carried off the rest to the stock brokers as part of the plan for a secure future.
Two weeks after paying for the shares, you forgot all about it and life went back to normal. The only reminders were the emails you were getting on the Capital Market. By the third month you stopped checking the stock exchange section of newspapers. Then you forgot entirely because you had to pay more attention to your family and your work. After a while you had made enough money to pay for a new apartment and you moved out of the old small place.
Then the dividends came, but you did not know. The company gave out bonus issues, you did not know. The mount of shares you bought tripled with all the bonuses and you had not a single idea. Until one day you read in the newspapers that the amount of dividends unclaimed by Nigerian individual and corporate investors have exceeded N90 billion and you were surprised.
Still it did not cross your mind that your own dividends were part of this monumental amount that could easily supply part of the National Budget. And with more bonus issues and dividend payouts, the amount is still increasing.
So what should you do? The next time you see a list of unclaimed dividends, go through it and make sure that your name is not there. And if you see your name there?
Find out the best course of action in the next post.
