Many people put off investing because they think investing in stock market needs a lot of money to start. But this may not be true. Mrs Oye said “you can just start your investment with as little as N10,000 per month. The key to create wealth is developing good habits like regularly investing small amount in share market every month. If you make a habit of investing regularly you will be in a much stronger financial position in the future.
According to her, most of the time I invest in penny stocks because I have no capital or stocks that are trading below N10, with good fundamental. I am a long-time investor, I collect my dividend, and I may either save or spend. “However, building wealth on equity market does not have to be scary. Although there are market risks, they can be overcome. Even the biggest risks of investing; volatility, timing, and overconfidence can be sidestepped as long as we know they exist and take an active stance on combating them.”
For effective investment, one is expected to familiarise yourself with economic news, developments in the sector and the company you are putting your money. One has to know how the stock market works. “More importantly, you can invest in technical analysis of the equities market training. At that point you will be more than ready to invest.”
Stop deceiving people.
Which equity? In a country where there is no transparency.
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