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Investment 101

A question of investing in dollars

By | Ask Shade, Investment 101 | No Comments

Dear Financial Experts, I hear that when there’s an economic downturn due to pandemics like the current Covid-19 surge, it is wise to consider diversifying investments. I want to know if I should go ahead and invest in dollars. Thank you. Jane Umenna from PH Financial experts’ response Dear Jane, Thank you for writing to us with your enquiry. In response to your question, yes, investors can hedge their capital from downside risks of a possible naira devaluation by investing in dollars. It also affords you as an investor the benefits of diversified portfolio whilst meeting any future dollar-denominated obligations….

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How to deal with a pay cut during this pandemic

By | Ask Shade, Investment 101, Life Bits | No Comments

How to deal with a pay cut during this pandemic – Realising Ambitions Press enter to begin your search One of the devastating effects of the COVID-19 pandemic on individuals has been the sudden reduced income, pay cut or layoffs by organizations seeking to lower costs and stay afloat. If you suddenly find yourself taking home less than you’re used to, these tips will help you find a balance. Likewise, if you’re among the lucky few who won’t have a reduced income, using these tips to stay cautious with your spending will help you easily navigate the potential high cost…

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Investment options in the midst of Covid-19

By | Ask Shade, Investment 101 | No Comments

Hello Financial Experts, What are the investment options available given the current Covid-19 pandemic? Jude. A from Kano Hello Jude, In periods of heightened uncertainties, we recommend that investors remain cautions and position themselves to take advantage of investment opportunities in sectors with good fundamentals and growth prospects. Investors who currently have exposure to the equities market with a long-term investment  horizon must not feel pressured  to exit the market or worry about loss in their portfolios as a result of the decline in the equities market, however, they should expect significant upside as market conditions improve. Please find below…

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How Offshore Stocks Are Doing

By | Ask Shade, Investment 101, Research | No Comments

We hope you are keeping safe during this pandemic and observing all the safety procedures listed by the World Health Organization (WHO) and various public health authorities. The coronavirus pandemic is taking a toll on the global economy and stock markets. While most companies’ shares are experiencing a dip, there are a handful of resilient stocks that are navigating this turbulent period better than others. here As an investor, we hope you will take advantage of investing in these stocks. We also want to draw your attention to diversifying your portfolio by investing in offshore stocks. Here are some interesting…

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To keep dollars in cash or not?

By | Ask Shade, Investment 101, Uncategorized | No Comments

Hello Financial Experts, Since this pandemic and lock-down started, my wife and I have been advised by friends to hold on to the cash we have at hand especially dollars. Do you advise us to keep our dollars in cash? Thanks. Michael from Lagos Dear Michael, We won’t advise you to keep dollars in cash because you’ll be losing income that you could have earned if that cash was invested. We encourage you to invest instead in dollar-denominated funds such as Eurobond Funds to protect against downside risk (devaluation of the naira). In dire economic situations like we have today,…

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Covid-19: Impact on the Financial Market

By | Ask Shade, Investment 101, Life Bits | No Comments

The events of the past quarter compounded by the global CoronaVirus (COVID-19) crisis and its massive impact on financial markets in the short to medium term brings a feeling of déjà vu. To reduce the spread of the virus, nations have restricted trade, travel, and in extreme cases closed their borders. Amidst all this, an oil price war between Saudi Arabia and Russia has pushed the price of crude oil below $35 per barrel. These two factors have had an adverse impact on global economies; with governments around the world including the Nigerian government, responding with the introduction of stimulus…

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Tough Times don’t Last, But Tough People do…

By | Ask Shade, Investment, Investment 101, Money, More Money | No Comments

Are you an investor trying to keep your head above the waters of this economy? Our smart investment tips are designed to help you make sound investment decisions in this tough economic clime. Please see below; Borrow less Think twice about taking on more debt, focus on business opportunities that do not require more capital than you can afford. Learn Something New There just might be a more rewarding way to go about your business. Make it a goal to learn something. For instance, you might want to look up the difference between mutual funds and bonds. Master your emotions…

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Financial Planning with Raphael: Considering Foreign Currency As An Investment

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The Coronavirus pandemic has had an adverse effect on major economies worldwide. As countries have closed their borders and restricted non-essential travel, this development has led to an impactful decrease in the global demand for crude oil and, subsequently, a correlating fall in crude oil prices. Furthermore, an ongoing oil price war led by Saudi Arabia and Russia has resulted in historic increases in unwelcome supply and a further catalyst of the decline in oil prices. With the bulk of Nigeria’s foreign reserves stemming from the exportation of crude oil, the global decline in oil prices has strongly affected confidence…

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6 books to read on money and investing during the quarantine

By | Ask Shade, Investment 101 | No Comments

Life as you know it has been paused due to the current Corona Virus pandemic. You, like many others, have been confined to your home with limited movement for the next couple of weeks; but how do you spend this time wisely? We recommend reading! Here are some books on personal finance and investment you should read while at home to help you manage your finances better. The Intelligent Investor by Benjamin Graham Referred to as the godfather of investing, Benjamin Graham takes a different approach to investing in this book which we’re sure you’ll enjoy. Warren Buffet calls this…

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