Category

Investment 101

How I Got Blacked Out on Black Friday

By | Black Friday, Investment 101, Investment tips, Mutual Fund | No Comments

It was a well-orchestrated cyber bombardment like the Nazi’s aerial attack of Guernica in 1937. Every time I turned on my phone, the ads would pop up, reminding me of how many days were left for Black Friday. It was as if on that day, the sky would turn gold and rain down Naira. At times when I turned on my radio to listen to Top 10 Naija songs of the week, it was Black Friday jingles that would rent the airwaves; the TV stations were not left out. It was annoying and interesting at the same time. Annoying because…

Read More

For smart investors only…

By | Investment 101 | No Comments

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…

Read More

Four things to consider before buying a company’s shares

By | Investment 101 | No Comments

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…

Read More

Personal Finance with Raphael- Is this a scam?

By | Investment 101 | No Comments

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…

Read More

Personal Finance with Raphael- Adewale needs help!

By | Investment 101 | No Comments

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…

Read More

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…

Read More

How much are you losing?

By | Investment 101 | No Comments

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…

Read More

Personal Finance with Raphael- Amaka wants more…

By | Investment 101 | No Comments

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…

Read More

Personal Finance with Raphael: Dele’s dilemma

By | Investment 101 | No Comments

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…

Read More

How We should think about money- Busting Money Myths (2)

By | Investment 101 | No Comments

In the previous edition, we discussed popular money myths that have governed our financial philosophy and hampered our desire for financial freedom. It is important to realise that money is basically a tool and the results it yields depend largely on how we use it.  Financial decisions, little or great, must be well informed and thought-out, factoring the future, near and far. By taking control of your finances, you can work towards financial freedom, regardless of your background or status. The following are critical factors to consider in shaping our philosophy about money and positioning ourselves for financial growth. How…

Read More