@uzezzi_, a Rise user, shared some thoughts on investing with Risevest on @moneyriseblog
Here are some highlights:
How I started Investing -
I first heard about investment from friends who already had money in one venture or the other. At the time, I was only saving and was like “ah what's this new thing I can do with money?”
I became curious but didn't do much research if I'm being honest. Risevest came up and I was sold when all I had to do was put money there and not bother with the technical know-how.
A HISTORY OF RECESSIONS AND INVESTMENTS THAT PERFORMED WELL THROUGH IT.
You can find opportunity even during recessions. To illustrate this, here is a brief break down of a few past recessions and the investments that did well through it 👇🏾 🧵
1970: Inflation spike and oil embargo triggered a recession. Inflation hit almost 37%
It was a great time to own or invest in oil, as Nigeria could attest. Oil prices soared and Nigeria made enough money to host the festac games.
1986: Oversupply of oil from Saudi Arabia tanked oil prices, triggering a recession. This time, Nigeria was on the brunt of it, leading to devaluation and SAP under Babangida.
Technology stocks like IBM, Apple & Microsoft rose to power in these times, delivering strong returns.