Post by Idowu Anthony-Ajileye (@dobmarch8)

I accepted a #NGX Mentee. I said to him l don't buy alcohol or gambling stocks no matter how profitable. Asked about his own investing ethics and he said he is same like me. I requested his full portfolio to review and he sent it to me. I found a gambling stock there and l said to him, there is a gambling stock in your portfolio. He said he didn't know. I said don't you know what the Company you bought does as a business, he said No. I then sent him one of the Company docs l retrieved from the NGX website. He said he is selling the stock right now that it is against his ethics. My Mentee's portfolio is over N100m with so many errors and in negative but we will fix it over time. Listed Companies are not spirits, they are businesses you see around you either producing/selling goods or selling services. You need to understand what a company does. Assess its present and future prospects. Do an indepth analysis before you jump in. As l have severally said, never invest in what you don't understand. Investment is bespoke !!! I don't do general classes, NEVER! I don't do WhatsApp groups, NEVER! My approach is to coach & mentor 1:1 based on my knowledge, education and experience since 2007 on the NGX so Mentees can stand on their own feet as soon as possible. Once you are well grounded, you will be able to make your own decisions. Not copy and paste investing. Not follow follow investing. Individual circumstances differs, risk appetite differs, strategy differs etc. Learn the path correctly. All the best !!!

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