Investment
Are you tired of living from paycheck to paycheck and would like to start investing. Are you still wondering since you only have a tiny amount of money to start, what will be the best way to get our feet wet.Then you can continue to read on because you are already on the right track.
The need for investment can be triggered by so many factors.Investment, spending or setting aside money for future financial gain. For an individual, investment might include the purchase of financial assets, such as stocks, bonds, mutual funds, or life insurance. Investment can also include the purchase of durable goods, such as housing or a car. For an economist, investment refers to the increase in real capital in an economy, such as an increase in factories and machinery, or in its human capital—that is, a skilled and educated labor force.
But always have something in mind, there’s no risk free investment. No. no such thing, because even the safest investments, such as bank savings accounts, come with the risk of bank failure or the risk of not earning enough interest to keep up with the rate of inflation. But some investments are much safer than others. FDIC-insured bank savings accounts and bank certificates of deposit (known as CDs) are protected up to $100,000. Mutual fund money market accounts, although not insured, are also safe and pay higher rates than bank accounts.
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I agree with you in the potentials of the nigeria stock exchange. but lack of technological advancements still impedes the growth of nigeria stock exchange. It should also be noted that the usual frauds around the country has conspicously avoided this sector.
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