I’m going to start off by saying ‘omooo’. To say that the economy globally is currently challenging would be an understatement; as I’m on my keyboard working, I’m shouting omooo, after shopping for groceries omooo, then another omooo. I’m almost certain you feel me. Regardless of our shared reality, I believe that last last we go dey alright and that is why I’m optimistically forging forward on my investment journey.
If you are reading this you must be considering investing, notwithstanding the funds that trickle into your account and so I will be sharing a few tips to help you invest with little money.
- Add small, frequent amounts into investments: contrary to popular belief, you do not need huge amounts of money to start investing, it is wiser to consistently dedicate a certain percentage of your income, as you receive it, to a diverse portfolio that covers a range of companies, industries and countries. By investing a small amount of money each month, you are less vulnerable to market fluctuations. You also end up buying more shares when they are cheap and fewer when they are expensive.
- Choose an accessible financial services marketplace: the platform you choose to utilize for investments is a crucial driver in the growth of your money. It is important to choose an accessible, easy-to-use and transparent platform like the Parthian Partners i-invest App, which allows you to make the best choice based on your risk level as well as allows you to watch your progress in real-time.
- Diversify and spread risk: in truth, don’t put all your eggs in one basket. Diversification is important for your investment strategy. Spread your risk by holding a mix of shares and bonds across a range of industries, companies and countries. Diversification is necessary because if one particular investment performs poorly, it will not ruin the overall performance of your portfolio, so your risk is reduced.
- Invest for the long-term: investing in stocks is a long-term play. Earnings from shares pay off more in the long run, so patience allows you to reap compounded interest.
At Parthian Securities, we encourage everyone to take ownership of their financial life by asking questions and getting information that matters.
Our research and insights bring you information that fosters smart decision-making because we believe that the best outcomes in life come from being fully informed.
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