The Nigerian Investor

Why I Don't Own MTN — Anthony Uzum on Focused Investing on the NGX

How many stocks should you actually hold — and does your portfolio size change the answer? In this episode of The Nigerian Investor Podcast, Anthony Uzum (@Anthonyuzum) shares his personal framework for portfolio construction on the Nigerian Exchange, including why he caps his holdings at 20 stocks, why investors with under ₦10M should hold no more than 4–5 names, and why he intentionally skips good companies like MTN, NGX Group, and NASCON. Anthony also explains the role of "protective" holdings like GTCO — stocks he doesn't expect to generate outsized returns, but that provide ballast in a volatile market. Whether you're managing ₦1M or ₦100M, this episode will change how you think about concentration and risk. Topics covered: * The ₦50M+ threshold for holding up to 20 stocks * Why over-diversifying with a small portfolio destroys returns * Stocks Anthony knows are good — but still doesn't own * GTCO as a portfolio "anchor" rather than a high-return pick * How to think about downside risk at different portfolio sizes

Stop Guessing Stocks! Use This Ranking System Instead

Most investors on the NGX are guessing.In this excerpt from episode 58, released last week, our guest, Anthony breaks down a real system used to rank stocks and build a high-conviction portfolio.⸻Anthony, an investor uses a structured, data-driven approach to pick stocks and allocate capital.Instead of relying on hype or Telegram tips, Anthony focuses on: • PEG Ratio (Growth vs Valuation) • Price to Cash Flow (Not just P/E) • Revenue & Earnings Growth • Cash Flow from Investing Activities • Price to Book & Price to SalesHe then ranks stocks monthly and concentrates capital into his highest conviction ideas.This strategy has led to: • Top 6–7 stocks making up ~70% of his portfolio • Strict allocation rules (10–20% caps per stock/industry) • Disciplined, repeatable investingIf you’ve ever wondered: • “How many stocks should I hold?” • “How do I stop random buying?” • “What metrics actually matter?”This excerpt and full episode is for you. 🎯 Key Takeaways: * Why price alone means nothing in investing * How to rank stocks using multiple valuation metrics * The power of concentration vs diversification * Why cash flow matters more than earnings * How to build a structured NGX portfolio 📌 Watch till the end if you want to move from guessing stocks to building a real portfolio. 🎙️ The Nigerian Investor Podcast We break down the Nigerian capital markets one brick at a time. ⚠️ Disclaimer: This content is for educational purposes only and not financial advice.

How to Build a Serious NGX Portfolio| @anthonyuzum on Stock Picking, Valuation & Wealth

In Episode 58, we sit down with @Anthonyuzum to discuss how to build a serious investment portfolio on the NGX. We cover stock analysis, portfolio construction, capital allocation, valuation, PEG ratio, defensive positions, concentration vs diversification, currency risk, global investing, and the habits needed to build long-term wealth. Anthony also shares the three Nigerian stocks he would hold for the next 10 years and explains why he still believes the NGX remains undervalued. A practical episode for anyone serious about becoming a better investor.

Before You Buy Any NGX Stock, Watch This First: An Interview w/Emma Osu, StockyVest Founder

In Episode 57 of The Nigerian Investor Podcast, we speak with Emmanuel Osu (@osuet1), founder of Stockyvest, a new tool built to help Nigerian investors research stocks more easily. We discuss: * his NGX journey * mistakes investors make * why analytical tools matter * how Stockyvest works * liquidity, dividends, and financial health * the future of stock research in Nigeria Would you use a platform like Stockyvest before buying a stock? Like, subscribe, and share. #TheNigerianInvestor #NGX #Stockyvest #NigerianStocks

NGX Investing Strategy with Wolf of NGX: Discipline Over Hype

Investing in the stock market is not just about finding the next hot stock. It is about discipline, patience, and emotional control. In this episode of The Nigerian Investor Podcast, hosts Mudi and Aye sit down with Wolf of NGX, a well-known voice in the Nigerian investing community, to discuss one of the most overlooked aspects of investing on the Nigerian Exchange Group: mastering your emotions. Many investors enter the market chasing hype, momentum, and social media trends. But as the Wolf explains, emotional decisions often lead to costly mistakes like panic selling, buying at the top, or becoming exit liquidity for smarter investors. In this conversation, we break down: • Why emotional control is critical to surviving NGX volatility • The danger of chasing “hot stocks” without fundamentals • How to build an investment system that removes emotions from decision making • The importance of savings in building an investment portfolio • Diversification vs concentration in stock investing • Why beginners should focus on consistent companies instead of exciting ones Wolf of NGX also shares five simple rules every investor should follow to survive long-term in the stock market. If you are new to investing in Nigerian stocks or trying to improve your discipline as an investor, this episode will help you think more clearly and invest more strategically. Follow The Nigerian Investor Podcast for more conversations that break down the Nigerian capital market one brick at a time. Until next time: Stay consistent, stay curious, stay invested.