early investing Archives - Parthian Securities - Your Smart Brokerage Firm http://staging.parthiansecuritiesng.com/tag/early-investing/ A team of financial mavericks in Nigeria that helps you trade and access securities (equities) on the floor of the NGX, NASD OTC, and FMDQ. Here to make your money work for you Tue, 30 Aug 2022 15:57:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.1 https://i0.wp.com/staging.parthiansecuritiesng.com/wp-content/uploads/2021/11/cropped-favicon-1.jpg?fit=32%2C32&ssl=1 early investing Archives - Parthian Securities - Your Smart Brokerage Firm http://staging.parthiansecuritiesng.com/tag/early-investing/ 32 32 200043479 How to Invest With Little Money https://staging.parthiansecuritiesng.com/investing-guide-for-low-middle-income-earners/?utm_source=rss&utm_medium=rss&utm_campaign=investing-guide-for-low-middle-income-earners Tue, 30 Aug 2022 14:04:10 +0000 https://staging.parthiansecuritiesng.com/?p=4120 For Beginners

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I’m going to start off by saying ‘omooo’. To say that the economy globally is currently challenging would be an understatement; as I’m on my keyboard working, I’m shouting omooo, after shopping for groceries omooo, then another omooo. I’m almost certain you feel me. Regardless of our shared reality, I believe that last last we go dey alright and that is why I’m optimistically forging forward on my investment journey.

If you are reading this you must be considering investing, notwithstanding the funds that trickle into your account and so I will be sharing a few tips to help you invest with little money.

  1. Add small, frequent amounts into investments: contrary to popular belief, you do not need huge amounts of money to start investing, it is wiser to consistently dedicate a certain percentage of your income, as you receive it, to a diverse portfolio that covers a range of companies, industries and countries. By investing a small amount of money each month, you are less vulnerable to market fluctuations. You also end up buying more shares when they are cheap and fewer when they are expensive.
  2. Choose an accessible financial services marketplace: the platform you choose to utilize for investments is a crucial driver in the growth of your money. It is important to choose an accessible, easy-to-use and transparent platform like the Parthian Partners i-invest App, which allows you to make the best choice based on your risk level as well as allows you to watch your progress in real-time.
  3. Diversify and spread risk: in truth, don’t put all your eggs in one basket. Diversification is important for your investment strategy. Spread your risk by holding a mix of shares and bonds across a range of industries, companies and countries. Diversification is necessary because if one particular investment performs poorly, it will not ruin the overall performance of your portfolio, so your risk is reduced.
  4. Invest for the long-term: investing in stocks is a long-term play. Earnings from shares pay off more in the long run, so patience allows you to reap compounded interest.

At Parthian Securities, we encourage everyone to take ownership of their financial life by asking questions and getting information that matters.

Our research and insights bring you information that fosters smart decision-making because we believe that the best outcomes in life come from being fully informed.

Be Money Smart

Subscribe to Parthian Securities' newsletters for market updates and tips to help you ace your investment goals.Subscribe

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]]> 4120 How to Invest and Grow Wealth At A Young Age https://staging.parthiansecuritiesng.com/how-to-invest-and-grow-wealth-at-a-young-age/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-invest-and-grow-wealth-at-a-young-age Mon, 25 Apr 2022 20:00:28 +0000 https://staging.parthiansecuritiesng.com/?p=3646 Smart Investing

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How to Build Wealth in Your 20s and 30s

When I completed Youth Service about 10 years ago, I was ready to swing into action and start building my lifelong dream immediately. I had dreamt that as a first-class graduate, I would work hard at earning six figures, buy my dream car, and get married to the love of my life within a couple of years.

 

Fortunately, my dream came true – at least a part of it. I got a good-paying job in a multinational firm. In the first year, I moved into a bigger apartment in a more expensive part of town. Naturally, my lifestyle moved with this change. I needed a more tasteful wardrobe, so I upgraded it. My clique needed an upgrade, so I attended every high society ‘owambe’ to get acquainted with the affluent and important people in town.

 

However, all these did not come without a high cost. With little or no knowledge of how to manage or grow my income, it suddenly dawned on me that I was overspending and before I could stop myself, I was knee-deep and almost drowning in multiple debts.

 

Where and how did I get this all wrong? It was time for some deep reflection and when I did, here’s what I found out.

 

1.       Early Financial Literacy is Key:

According to a publication by BusinessDay, 53.4% of Nigeria’s adult population does not know, or only has a rough idea of, what they have spent in the past week. Additionally, over 50% do not know how much money is available for their daily expenses.

 

Looking back, I realize now that I could have avoided many money mistakes if I had known what I know today, but financial literacy is just something that I wasn’t taught at an early age either at home or in school.

 

Many people fail to understand the importance of early financial literacy and are unaware of how to grow generational wealth through early financial management and investing. Very early on in life, people need to understand how money works beyond the basics of receiving it and spending it; and know the relationships between money, wealth, time, and skill. Interestingly, anyone can obtain financial literacy with the right resources and attention to detail.

Get useful financial resources here. Subscribe today.

 

 

 

2. Always Put the Future in the Mix:

It is funny how I totally ignored the future throughout the period when I was focused on looking rich instead of growing wealth. One of the proven ways to secure the future is to invest. Back then, I used to think that investing is for the rich and I was waiting to get ‘rich’ to start investing. I was wrong. You need to invest to get rich, and you can start with little money and grow from there.

 

3. Take Financial Planning Seriously:

Earning an income and spending without proper planning is like starting a business without a business plan. If you want to be on your way to reaching your financial goals, you need to be your own CEO. Have an annual financial plan and be consistent each month at budgeting, saving, investing, and earning more money.

 

Every three months, conduct a quarterly financial review to see what’s working and what’s not. Update your goals to account for life changes; Check your budgeting system; Check your progress towards savings goals; Check to see that your investment goals are on track.

 

Click here to register to attend this free investment review session for Q1 2022 and get recommendations for the first half of this year.

 

 

 

At Parthian Securities, we encourage everyone to take ownership of their financial life by asking questions and getting information that matters.

Our research and insights bring you information that fosters smart decision-making because we believe that the best outcomes in life come from being fully informed.

Stay Informed.

 Subscribe to Parthian Securities' newsletters for FREE and timely market updates and tips to help you ace your investment goals.

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