Along time, I hear from people, especially young adults, who desire to have investments but feel they are incapacitated by the little income they receive or the fact that they are totally unfamiliar with the investment world. Hold on, I’ve got great news for you. There’s a good option out there, it’s called Mutual Funds.
A mutual fund is a company that pools money from investors and invests the money into securities such as stocks, bonds and short-term debt. Investors buy shares in mutual funds companies. Mutual funds can also be an easy way of investing especially for those unfamiliar with investing. It allows investors with similar objective contribute money into a fund which are managed by professionals in safe short-term instruments with super returns.
Basically, how it works is that you open an account with an amount of money (Some companies accepts as low as One Thousand Naira) and you can top up as much as you want and as often as you want. So, instead of opening a random savings account, you can open a mutual fund account and grow your savings with the use of professional and skilled experts. You get returns on your savings while at the same time have the opportunity for capital formation. The capital you have been able to accumulate over time can be used for bigger investment options. You would be amazed at the amount of money you’ve accumulated over time with this approach. Another amazing thing to note is that you have mutual funds companies around you. Most Fund Management/ Wealth Management companies are into mutual funds. A hint to help is that most Banks have their Fund/Wealth Management arms.
Now you have no excuse why you shouldn’t be an investor.
We believe in you!
To your financial independence and freedom