At Foremost Capital Ltd, we utilize advanced data analysis to uncover insights that empower our informed decision-making. Although technology expands possibilities, our experienced analysts ensure real value by turning data into practical strategies that drive results.
Investing Fundamentals 101
Investing Fundamentals 101
These are tips on investing and investments:
YOUR FIRST MONEY LESSONS
- Spend less than you earn: This creates breathing room for saving, investing and unlocking opportunities.
- Know where your money goes: Tracking expenses helps you spot waste, set priorities and take control of your finances instead of letting your finances control you.
- Start saving early: The earlier you begin, the more time your money has to grow. Even small amounts build momentum through consistency.
- Understand the power of investing: Savings alone won’t grow wealth. investin strategically, with professionals like Foremost Capital turns passive funds into potential future assets.
- Set financial goals: Whether short-term or long term, goals give your money purpose and help you stay on track.
START YOUR FINANCIAL JOURNEY
- Know your risk appetite: Your comfort with uncertainity largely determines how you invest. So, use professional like Foremost Capital to help figure out your risk tolerance, in line with your financial goals.
- Strategize: Explore a variety of options–fixed term, commercial papers, mutual funds–that match your vision. Next, consider a diversified portfolio, as an investor, you can protect yourself from significant losses by investing in different asset categories, such that if one category yields significantly low or no returns, another category could be much beer.
- Maintain a contingency fund: Life happens and sometimes, even the best of us are not ready. Always account for volatility, life changes and unexpected expenses by setting aside a contingency or rainy-day fund. This money should be at least six months of your income. Just to be one the safer side.
AVOID PONZI SCHEMES
A Ponzi scheme is a fraudulent investing scam that promises high return rates with lile or no risk to investors. Like a pyramid scheme, it generates returns for early investors by acquiring new investors but it uses new investors’ funds to pay the early investors. Ponzi schemes often promise outrageous returns to lure naïve investors. Ponzi schemes like MMM and most recently MBEX, have caused immense financial harm and social unrest.
We advise you to NEVER put your money into any Ponzi scheme, no matter the rate of returns being promised.
Insights
Nigerians lose N316bn to Ponzi schemes – SEC
The Securities and Exchange Commission has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that greed and ignorance are sustaining the menace.—Punch
Innovation, efficiency top agenda as ICMR installs fourth president
Calls for innovation, efficiency, and technology-driven transformation dominated discussions at the 14th Annual Conference and Presidential Investiture of the Institute of Capital Market Registrars, where Mrs. Catherine Nwosu...—Punch
BUA Foods overtakes Dangote Cement, MTN Nigeria as NGX’s most valuable stock at N12.5 trillion
Nigeria’s capital market witnessed a significant leadership shift as BUA Foods Plc surged to the top of the Nigerian Exchange (NGX), overtaking Dangote Cement Plc and MTN Nigeria Communications Plc to become the most capitalized company, valued at N12.5 trillion.—Nairametrics