Other Marketing Avenues / Foot Soldiers
The number of financial analysts / experts who bombarded our airwaves during the period was legion. Right now you can count the numbers on your fingers. The power of the media was maximized and the experts only insist the market was forever going to be on the rise.
What about our friends and relatives especially our young graduates who were allotted huge targets as such emotions were whipped and we succumbed to the pressure by investing in companies that we would not have invested in order to preserve their employments.
Did you also experience the influence of friends or/and who were had lucky streak in the market and thus overnight became gurus and influenced the investment decisions you took?
Other Investors
Institutional investors especially pension institutions who accumulated portfolios for a raft of reasons like, sentiments, relationships and desperation to invest the suddenly acquired investible funds?
What about the gullible and uninformed (misinformed) general public who joined the bandwagon because they led to perceive this was the in-thing?.
The heralding of new rich (nouveau riche) especially the political class who had so much money to influence the market
Also included above are the industrial captains who had to use all means to retain their hold on their companies by taking up as much stock as they could possibly get.
WHICH CATEGORY DO YOU FALL INTO FROM THE ABOVE?. LET US TALK ABOUT THIS.
continuation
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I have really not played in the stock market, but always thought I should. The recent situation in the stock market especially in Nigeria has really discouraged people like me to be involved even in the future.
ReplyDeleteIs there any forseen solution?