Retrickk

Unfortunately, buying into the Dangote IPO isn’t going to change your life overnight. In fact, treat it as a buy and forget investment that may give you better returns years down the line. Understand how investing works before getting into it. I’m not saying the Dangote IPO won’t make you money, but I would describe it as a patient-capital investment. Whenever I invest, I always consider two factors: 1:Stability 2:Safety/Risk 1. Stability How stable is the investment? I’m not talking about using your money to build houses or hotels. I’m speaking about investing with “money wey no go far.” Let’s say you have a principal of ₦1 million (about $722). What type of investment should you go for ? Personally, I look for stability. That’s why buying gold would be one of the last options on my list, especially if you’re investing money you can’t afford to lose. 2. Safety A return of your investment is better than a return on your investment. Investing in gold is cool. I mean, owning a gold bar sounds nice. But is it a safe investment? Not necessarily. Over the past six years, gold’s annual ROI has fluctuated significantly: +24.8% | -3.7% | -0.4% | +12.8% | +27.0% | +64.5% Dividing these yearly returns by six gives an average annual return of about 20.8%. While that looks attractive, the best year returned 64.5%, while the worst year returned -3.7% In my opinion, that’s not the safest option if you’re risking money you can’t afford to lose. There’s also the risk of theft, especially if the gold is held in jewelry form, don’t get me wrong gold is a good wey for store of wealth, but if you’re looking a short term investment i wouldn’t recommend. A slower return on investment isn’t always a bad thing. That’s why I prefer safer investments such as: Treasury Bills (T-Bills) PiggyVest These options are generally on the safer side and carry much lower risk. Investing in Treasury Bills is essentially lending money to the government, which then pays you back with interest. Because of that, the chances of things going south are relatively low. PiggyVest is also a good option, offering returns as high as 18%-21% APR on some products. It’s a regulated financial platform, so there’s less reason to worry about safety. It’s also more flexible you can lock your funds for as little as 30 days, unlike Treasury Bills, which typically come with lock-in periods of 91, 182, or 364 days. There are other financial institutions that offer good returns, but one reason I prefer PiggyVest is its flexibility but if you’re looking for lower risk i recommend t bills. Like I said earlier, a return of your investment is better than a return on your investment.