When people ask you what do you do, what do you tell them?
I work as a Finance Executive for an IT firm in Lagos, Nigeria. I also run an accounting outfit for SMEs
I will say I am pretty principled when picking my investments. I am also an aggressive investor. Due to my age, I have enough time to accumulate wealth and allow compounding work for me. Firstly, I stay off Ponzi schemes. Next, I always look for opportunities that can beat the prevailing inflation rate of the Naira. This is one of the investment guidelines I have.
We are always thinking about wealth creation and one thing we believe is except you define what wealth is to you, you will have a hard time having it and an even harder time finding a path that leads to it.
Fortunes, they say, are made during recessions. Naturally, your first question would be — how? When you open your stocks portfolio and your investments are down, by a lot, it is understandable to ask ‘how in the world does this help me?’ Well, the team at Rise is happy to explain. First, you are investing… Continue reading How Recessions Can Make You Rich
Devaluation is the deliberate downward adjustment of the value of a country’s money relative to another currency, group of currencies, or currency standard (for NG this would be USD, GBP, and EURO). It is a monetary policy tool to combat trade imbalance. Devaluation helps to reduce the cost of a country’s exports, thereby rendering them… Continue reading Devaluation: What You Need to Know
Stable currencies are to investments what stew is to rice. For the best results, they absolutely have to go together. This is because your investments are supposed to be long term and if your currency is constantly being devalued, then no matter the returns you’re earning on them, your investments are probably losing, rather than… Continue reading Dollar Investment 101