Insurance company shares, what an investment


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Posted by Felix on June 02, 2008 at 05:35:28:

It's easy for the stock broker to convince people to buy a lot of penny stocks like the

insuarance companies, but making profit from them in the future becomes another thing. Except for

new entrants into the NSE, like the Investment and allied Insuriance company, other insurance

stocks did ot make much gain and investors are begining to dump their insurance stocks for better

opportunities in banking stocks. Insurance stocks are a safe haven i agree, but banking stocks

are more upward moving in Nigeria and i try not to invest in any other sector other than Food or

Healthcare sector.


Follow Ups:
Re: Insurance company shares, what an investment

Posted by Emeka on June 07, 2008 at 03:30:11:
In Reply to: Insurance company shares, what an investment posted by Felix on June 02, 2008 at 05:35:28:


No, they are a good investment compared to banks. They are called penny stocks and can quadruple within a short term especially when there's inflation. Stocks like insurance and some banks like Unity bank can be a good form of hedging for the coming inflation predicted by CBN if the Federal Govt refuses its advice

Re: Insurance company shares, what an investment

Posted by wemabic on June 07, 2008 at 03:36:12:
In Reply to: Insurance company shares, what an investment posted by Felix on June 02, 2008 at 05:35:28:


Inflation will come whether the govt listens to CBN'S monetary policy goals or not and when it does, only asset holders will gain. Debtors gain and creditors lose


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