Tag: featured
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Avoiding Investment scams – Investigate before you invest
The internet and social media have made supposedly high returns investment schemes go viral pretty quickly. Folks are looking for outlets to invest in, especially with the recent crash of money market rates and the downturn in the economy occasioned by the covid-19 pandemic. A lot of dubious companies ride on forex to perpetuate their…
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Are there secure alternatives to the money market?
The onset of the pandemic and the resultant crash of money market rates have made many money markets investors seek an alternative safe-haven for their money. There is nothing wrong with reshuffling your investment portfolio if the returns fall below your benchmark projections. That becomes critical if a sizeable proportion of your income comes from…
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Preparing your Teens to make the best financial decisions
If I had been asked what it meant to be financially responsible years ago, I would have thrown up my hands in discouragement. Growing up in a family where the discussion of money was the white elephant in the room. I never realized how much or how little we had. I had no appreciation for…
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How to identify and avoid financial scams and bubbles
One of Webster’s online dictionary definitions of a bubble is ‘a thin film of liquid inflated with air or gas’. You see a solid and attractive round object, you reach for it and by the time you get your hands around it, the bubble bursts. There is nothing inside – a hollow filled with air.…
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The lessons from being broke
Being broke is not something to be desired. It is embarrassing to be broke, more so when it becomes to others around us, especially if we package ourselves as being affluent. We have all experienced being broke one time or the other. Stumbling upon a five hundred or one thousand naira note (from a suit…