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Investment 101

Baby Juliet’s Future

By | Ask Shade, Investment 101 | No Comments

When 34-year-old Damola gave birth to her daughter, she felt that her life was finally complete. Baby Juliet was the apple of her mother’s eyes and Damola spared no expense in giving her the very best. As a single parent, it wasn’t easy for Damola to cope with the demands of heading the Customer Service department at work, building her side hustle and raising a child alone, but she faced these responsibilities like a superwoman. Her friends and family tried to pitch in as often as possible but in the end, the bulk of the work lay with the mother…

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How to deal with the inevitable expenses of 2019

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Some things remain constant with each year while some new situations welcome themselves regardless of our level of preparedness. Here are some things that will likely gulp your money in 2019 apart from your daily home expenses.   School fees – If you’re a parent, you must know that you will pay school fees thrice this year. The last one in September being of a bigger sum because your child will be entering a new class which will demand some financial responsibilities. Valentine’s Day – February still has 14th on it and the world will mark Valentine’s Day. Unless you…

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For smart investors only…

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2017 was an eventful year for many. While the nation struggled to climb out of the muddy waters of recession and inflation, majority focused on getting. A few, however, discovered opportunities to thrive amidst the difficulties. Whatever side of the divide you belong, congratulations are in order, because you made it through and have now been presented with another chance. Already, 2018 is proving to be quite a package. January is barely over and we have witnessed the recurring inconvenience of petrol scarcity, the buy-over of communication giants, the increasing popularity of cryptocurrencies and a host of other occurrences. All…

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Four things to consider before buying a company’s shares

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When you buy a company’s shares, you buy into that company. You buy into both their assets and liabilities.  It is therefore wise to properly consider and research into the company before you invest your hard earned money. If it is a reputable company, you will find information about their activities online. Factors like the profitability of their business activities, the likelihood of growth and expansion and their stake holder relations history are points to consider. You should also look through their annual reports and financial statements. The pivotal points listed below should guide your decision making: Earnings: Consider the company’s…

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Personal Finance with Raphael- Is this a scam?

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Frank moved to Canada some years ago, not long after his university education in Nigeria. He is doing very well in his career and would like to invest some of his money in Nigeria. A friend told him about a product that pays 30% monthly return on saved capital. Frank likes the high return idea but needs to be sure he is taking the right decision. He never wants to get broke, and is scared of losing his hard-earned money. How can Frank ensure investing in the product would be the right decision? Happy New Year Everyone and welcome to…

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Personal Finance with Raphael- Adewale needs help!

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Adewale Richards a.k.a. Bobo, as fondly called by his friends works in a bank on Victoria Island. Like many other people who work on the Island, he lives on the mainland. Every working day, after work hours Adewale will typically hang out at a bar or restaurant around his work place till late in the night under the guise that he is waiting out the traffic on 3rd mainland bridge. While hanging out, sometimes with friends, he spends between N3,000 and N10,000 daily, regardless of his bank balance or budget. Adewale has no savings whatsoever because he can’t see any…

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Let down your hair, it’s Christmas!

By | Investment 101, Life Bits | No Comments

As exciting as year-end can be, it can also be very busy and demanding. With so many meetings to attend, budgets to put together and pertinent decisions to take, one could easily forget it is supposed to be the ‘holiday’ season. But it has being an eventful year and you have worked round the clock to achieve the victories you recorded. You deserve to take some time off, spoil yourself a little and have a good time this Christmas. So, what are your plans for the holidays? Do you have children returning home or are you kicking it solo? Whichever…

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How much are you losing?

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Bala and Audu met in NYSC. Both from the northern region of the country, compelled to serve their fatherland in faraway Ondo state, it was easy for them to become friends. They had a good year serving their country and even landed jobs in the same organisation. As similar as the young men were, they differed in their attitude to money.  Bala was somewhat future conscious, while Audu adopted a YOLO attitude (You Only Live Once). He wasn’t particularly wasteful, he just didn’t understand why he had to ‘manage’ because of a very distant tomorrow or a rainy day that might…

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Personal Finance with Raphael- Amaka wants more…

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Mr. and Mrs. Ojekwe taught their Children early in life to save money with the use of a piggy bank. Their second child, Amaka, who is now a 29-Year-old Banker, took to this habit and has now turned into a prudent saver. Amaka saves a certain percentage of her earnings in a traditional savings account monthly. At the beginning of every year, she always has a mental idea of what she wants to achieve with her hard-earned money and spends the savings meeting her financial goals as it crosses her mind in no order of priority. Now she’s bugged down…

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Personal Finance with Raphael: Dele’s dilemma

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Dele’s dilemma Dele was one of the lucky few who got what could be termed a good job not long after NYSC. Initially, he felt well remunerated as his income could easily cater to his needs. Barely a year after he got married, he began to notice a strain on his finances. His financial goals were increasing, life was getting more demanding and his income was no longer adequate.   At first, he focused on getting a promotion at work in the hope that a bigger salary will fill the gap. But even after the promotion came, it seemed like his…

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