A follower asked me how I would invest 200,000 naira in this Tinubu economy. In this article, I will tell you about the four things I will invest my 200,000 Naira in in this economy to give me good returns.
1: I will take out 50,000 Naira and invest it in the S&P 500. The S&P 500 is the ETF that manages the 500 biggest companies in the US. So once you buy this ETF, you are set for life, as long as your dollar cost averaging every month.
2: I will find the hottest Nigerian stocks to buy with another 50,000 Naira. This would allow me access to much more returns from my investment without putting in too much risk.
Remember you can do number 1 and number 2 on bamboo and Trove.
3: Then I’ll put another 50,000 Naira in a low risk but high interest savings account. This will give me at least 10% returns in a year which is really good. And you can also remember to dollar cost average, meaning put money into it every single month so you can grow your wealth.
4: I will put 40,000 Naira in an emergency fund. This would help me to take care of any expenses or bonus. I will use 15,000 naira and spoil myself. I’ll go to my favorite restaurant and get something really beautiful to eat.
I’ll do my best to chop life too because remember your nest of kink will not save that money. Your next of kin will take that money to the club and do Dorime. Tell me what you think in the comments. This is your money guy.
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