Investment in its simplest form is the act of making your money work for you. When you invest your capital, you expect a considerable amount of returns in the nearest future. To begin, I want you to know that it takes time to become a professional investor. You need to learn, practice, make mistakes and gain tangible experience. The purpose of this post is to show you how to start with as little money and time as possible. Keep reading, I hope you find it educative.

So how do you start investing?

The world of finance and investment is very broad, therefore, so many things need to be considered before you can start investing professionally. Nevertheless, everything simply boils down to whether you will be managing your funds yourself or a broker/company will be doing that on your behalf. Let’s look into the PROS and CONS of both method, so you can decide which one is best for you.

1. Managing your investment portfolio yourself

I personally think this the best thing to do because it gives you the opportunity to learn so many things, make critical decisions, and as well gain tangible experience.

The downside of this method is that first, it takes a long period of time before you become a professional investor and start earning consecutive income. Second, you must be willing to invest a lot of money into education otherwise you will find it difficult to follow through.

2. Giving your funds to capital and investment managers

This simply means you’re trusting someone or a company to make good trades and investment decision on your behalf. I only advice this method if you know damn nothing about trading and investing. You may also opt-in to this method if you have a time consuming job and you would not be able to monitor your investment portfolio yourself. The side effect of using fund managers is that their management fees is often too high, and as a result, you might make little to no money if you’re investing on a small scale.

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Now that you know the two method to begin investing, below are tips on how to start investing in Stocks, Cryptocurrencies and Forex with as little as ₦50,000

Tips to start investing in stocks

  • Set aside ₦50,000 or more. Note: Don’t invest all your money or more than you can afford to loose.
  • Research on potential stocks that are viable e.g. GTBank, MTN, Dangote etc.
  • Find a trusted broker or investment manager.
  • Tell them what to add to your portfolio based on your research.

Related: 11 Trusted Brokers and Asset Managers you can start trading stocks with.

Tips to start investing in Cryptocurrencies

  • Set aside ₦50,000 or more. Note: Don’t invest all your money or more than you can afford to loose.
  • Learn as much as possible about Cryptocurrencies, Wallets, Exchange etc.
  • Pay a professional Crypto Trader to train you on Technical Analysis and how to spot good trades.
  • Start trading and investing in crypto.

Related: How to Start Trading Cryptocurrency Online

Tips to start investing in Forex

  • Set aside ₦50,000 or more. Note: Don’t invest all your money or more than you can afford to loose.
  • Pay a professional Forex Trader to teach you about Trade Setups, Terminologies, Technical Analysis, Fundamental Analysis, Position Sizing etc. Note: I didn’t say find a Forex Broker to teach you. They will only teach you sheet nothing.
  • Find a good Forex Broker eg Hotforex and FXTM
  • Practise, Practise and Practise.

Related: Register to start trading FOREX on HotForex.com

Thanks for reading this article, it’s time to now take action. Your financial well being is very important to us at 9jacashflow.com, so help us to help you by making sure you don’t PROCASTINATE!

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Should in case you have any questions, don’t hesitate to reach out to us using the comment box below.