FORMS OF STOCK
Penny stock: These are very cheap stocks that are listed on the stock exchange and are selling less than ten naira (N10). They carry a very high risk and also have the potentials to make you a millionaire within a short period of time when compared to other stocks, but care should be taken when buying these stocks because some penny stock can be stagnant or dormant for a very long time.
Blue-Chip Stocks: These are less risky stocks; they consist of old companies that have been in the game for a very long time and usually selling at a higher price. Return on investment such as bonuses and dividends are also constant and higher than that of penny stock.
Growth Stocks: These are stocks of companies in their growing stages, most times they don’t pay dividends to their shareholders, and rather they plough it back in the company for expansion. Though there is a possibility of high appreciation and instability in their shares prices.
Speculative Stocks: The degrees or quantity of risk of a stock determines its returns. The speculative stocks are high risk stocks; one can make a lot of returns and on the other hand lose a lot also.

BENEFITS OF INVESTING IN STOCKS
Ddends:ivi As a part owner of a company, you are entitled to dividends.
Dividend is a cash reward made by a company to its owners out of the profits made at the end of the financial year. It is normally declared at the annual general meeting (AGM) of shareholders. The amount of dividends you receive depends on the units of shares you hold, the higher the units the higher the dividend.
Bonus issues: This is similar to dividend but it does not involve cash payment, if a company gives shares it means that every shareholder is entitled to additional free shares. Let’s take for instance if open paradise plc gives a bonus of one for one, it implies that for every unit of shares you have, you get additional one free, if you have 500 units of shares in the company open paradise plc and a bonus of one for one is declared, you get additional free 500 units of shares bringing your total units of shares in the company would now be 1,000 units.
Right issues: This is a little but different from bonus issues. When a company does right issue, you as an existing shareholder will be required to pay for the share allotted to you based on the units of share you have. However, you have options of taking up the right issue, paying for them or you can sell the rights to another person with some gains; otherwise you will lose the rights.
Capital appreciation: Shares of quoted company are being traded every day on the Nigeria stock exchange, and as a result of this daily trading, the prices of shares move upward or downward due to forces of demand and supply.