Maks25
Active member
If you are a student, a graduate or young adult you might probably belong to the school of thought that “To Invest I Must Be Wealthy or at least have a steady means of income” and while this may seem true because of the risk and how complicated the Financial Market looks like from the outside, it is also very wrong to believe this notion.
You are never too young to invest, just like how depending on your investment choice, no amount is too small to start investing.
So How Do You Start?
The little change from your pocket money, NYSC allowance or business that you do, is worth more than you think.
Develop a Plan
This is a very crucial step, here you should start to determine how much you wish to invest based on how much you have at hand or how much you have saved up and the type of investment method you feel comfortable and the frequency of your investment.
There are some investment plans that require you deposit a one time principal for a duration of time, while you get compounded interest on it over the agreed period of time. While some investment plans require that you deposit a certain amount of money monthly, quarterly, biannually or annually. It all depends on your preference.
You are never too young to invest, just like how depending on your investment choice, no amount is too small to start investing.
So How Do You Start?
The little change from your pocket money, NYSC allowance or business that you do, is worth more than you think.
Develop a Plan
This is a very crucial step, here you should start to determine how much you wish to invest based on how much you have at hand or how much you have saved up and the type of investment method you feel comfortable and the frequency of your investment.
There are some investment plans that require you deposit a one time principal for a duration of time, while you get compounded interest on it over the agreed period of time. While some investment plans require that you deposit a certain amount of money monthly, quarterly, biannually or annually. It all depends on your preference.