Thread by @Goodluckraph

Thinking of investing and need some insights?

Then follow this thread where I break down the info in the photo.

Trust me, it'd be worth your time

...

1. It is not too late to start investing. Start now!

Short term investing as mentioned in photo above = putting money for a quick return.

Using Real Estate For Example, a short term investment is "House Flipping". You buy/develop the house & sell it immediately it's ready.

In stocks, the long-term game is the best, trust me. That's no lie. I have seen it play out in real life. I shared some events here before.

Short term investing - Speculating can bring you mad returns, that's why it's far riskier.

To thrive you need deep knowledge of technical (and of course, Fundamental) analysis.

That doesn't mean you won't carry bags o...You could lose big when you do.

PS: Won't life be too boring when we don't take risks?🤷🏾‍♂️🤐🤡 #kidding

3. What is Index Fund?

Link here: investopedia.com/terms/i/indexf…

Next and last is

4. What is Dollar Cost Averaging?

>>>>>

In conclusion:

As a/an Entrepreneur, Salary Earner, Corp Member, please see this:

1. Start an investment plan early. Start now.
2. Have a potion set aside to invest each month. Don't just blow through your salary/allawee. I know the country is hard but just try ehn. 😩

3. Divide your earnings leaving a potion for investing. You could use the 50/30/20 formula or 40/20/40 or 30/20/50. Your call.

4. Practice compounding. When you get 10k as 10% interest on 100k invested, don't blow the 10k. Add it up and invest them both. That's the best way it grows.

5. Know your risk level. Also, don't just throw your money into risky things/things you didn't do due diligence on, it'll enter FOREST.

6. It necessarily doesn't have to be stock, crypto or forex. It can be other forms - mutual funds eg. Verified packages - on Rise, Piggyvest, etc. Only that they come with lower interest rates, of course! Low risk, low returns & vice versa

7. Do your Due Diligence, I repeat.

8. Don't sit back and do nothing...well if you do, OYO.

9. Send me 70% of your money when it matures. What are friends for 🤷🏾‍♂️

Are you a hard man #EndSARS

@threadreaderapp unroll

It is also known as "Average Down" or "DCA".

It is a recommended approach by Benjamin Graham, @Warrenbuffet et al.

In conclusion:

As a/an Entrepreneur, Salary Earner, Corp Member, please see this:

1. Start an investment plan early. Start now.
2. Have a potion set aside to invest each month. Don't just blow through your salary/allawee. I know the country is hard but just try, ehn!😩

3. Divide your earning, leaving a portion for investing. You could use @SenWarren 50/30/20 formula or the 40/20/40 or the 30/20/50, your call.

4. Practice compounding. When you get 10k as 10% interest on 100k invested, don't blow the 10k. Add it up and invest them both. That's the best way it grows.

5. Know your risk level. Also, don't just throw your money into risky things/things you didn't do due diligence on, it'll enter FOREST.

6. It necessarily doesn't have to be stock, crypto or forex. It can be other forms - mutual funds eg. Verified packages - on Rise, Piggyvest, etc. Only that they come with lower interest rates, of course! Low risk, low returns & vice versa

7. Do your Due Diligence, I repeat.

8. Don't sit back and do nothing...well if you do, OYO.

9. Send me 70% of your money when it matures. What are friends for 🤷🏾‍♂️