Investing is learned, picked up in bits and pieces in the news, on TV, over the internet and sometimes from parents and older siblings. This informal education provides a foundation on which we take our earliest investment decisions before deliberate education starts. If you’re still curious or reluctant to get your feet wet in the world of investing, it’s okay, we’ve been there and we understand. You are the reason behind this piece.
First things first; How to begin investing smartly.
#1 Set clear goals
Specific goals keep us on our toes when we’re tempted to falter; they
remind us why we started in the first place. Same thing goes with
investing; when you have a clear goal, you are motivated to keep on even
when it gets tough.
#2 Determine your risk appetite.
Knowing your risk appetite is key! That way, you don’t bite off more than you can chew. Everyone desires maximum growth on their funds, but at what price? Sleepless nights or a higher blood pressure? It is said that in investment, the higher the risk, the higher the returns. However while we all want high returns, it is very important you assess the level of risk you are comfortable with so you can make the right decisions.
A common barrier to starting the investment journey is the misconception that you can only invest when you have a lot of money
#3 Know your choice.
The first rule of thumb in investing is actually being able to understand what exactly you’re investing in. It is important that you have a beyond-the-surface knowledge of any investment vehicle you intend to hitch a ride on. This helps in clearly differentiating investing from gambling and phony Ponzi schemes. A common barrier to starting the investment journey is the misconception that you can only invest when you have a lot of money. This is entirely false as with Ziing you can begin investing with as little as N100.
Start small, soon you’ll get BIG.
We’re rooting for you.
The Ziing Team