Posts

The AbokiFX Saga

Good Day Readers,  It has indeed been a minute since the last post and even though I hate giving you excuses, it has been due to reasons beyond my control. I can only do better! The past week in the Nigerian financial sector has been something far from a mirage. From the further collapse of the Naira which is now somewhat of a constant reality; to the comments made during the address given by Mr Godwin Emefiele, the Governor of the Central Bank of Nigeria CBN (which by the way is long overdue). I cannot but hope that Nigeria has not become a ship without a captain navigating through turbulence and mishaps in a sea of troubles.  Last week saw the Naira fall yet again to around N575 to $1 which prompted another outcry from the Nigerian populace. I would like to believe that this outcry finally compelled the apex bank Governor (who is meant to be the Commander in chief in the defence of the Naira) to address the issue. Nonetheless, some of the comments made by the Governor can be termed c
3 comments
Read more

Stocks To Watch 2021

Good Day Readers,  In a couple of hours we will be in March (as at the time of writing this post) which is the end of the first quarter of the year 2021. As your go to place for investment advice and financial watch, we remain ever committed to fulfilling all the goals and objectives set for the year on having a more organised web page. Today we will be discussing on the stocks to watch in 2021. The stocks listed below were carefully curated from the end of last year till now and they were picked based on forecast of future financial growth, all round company growth, business acceptability in the long run and both present and future world events.  NIO - We believe this is one for the future. NIO is a Chinese owned electric vehicle company set to rival TESLA. Now trading under the $50 mark per share, the stock forecast expects that in 5years or  less it would have grown by over 900% to about $450. If you buy $1,000 worth of NIO now, in 5years it would be worth $9,000. We think just beca
Post a Comment
Read more

INVESTMENTS IN THE NEW YEAR

 Good Day Readers,  Happy New Year!! This is officially the first post of the year 2021 and sorry it is coming late. The beginning of the year has been very wonderful and we cannot wait to roll out the plans for the new year for you'll to start enjoying. Today we would be discussing on 'Investment in the new year'. When it comes to investment, a lot of factors have to be considered such as; Investors Risk Appetite - We have discussed this on the blog before and we would like to reiterate again, your risk appetite determines what sort of investment you can go for. Here is the link  to read about it again.  Investors Age -  Surprising but very true, we cannot advise someone in their 40's and 50's to do the same investment as someone in their 20's or 30's. In your 20's you can take higher risks, in your 40's you have to reduce your risk appetite cause you have to consider your immediate family commitments and in your 50's when you are saving for you
Post a Comment
Read more

VIEWS ABOUT 2021

Image
Hi Guys,    Merry Christmas and Happy New Year in advance. We pray the holidays would bring good tidings your way. Sorry for not posting last week, It was due to circumstances beyond our control.    Today we would be highlighting our plans for 2021 and changes to the blog come next year.    The very first change is that posts would now be fortnightly rather than weekly. The aim of this is to enable us carry proper research and serve you better.  In the new year we would be having posts from guest writers. They would be people from different facets of the finance world teaching us one thing or the other about investments but not limited to just that.  Starting from 2021, we would also be giving you readers the opportunity to tell us about your different investment experience, advice on different investment options and also reviews from those who have followed our investment advice.  The three changes highlighted above would take effect in the new year and we hope with them we would be a
1 comment
Read more

CRYPTOCURRENCY - THE FUTURE

 Good Day Readers,  Today we would be discussing cryptocurrency. According to "Investopedia", cryptocurrency is simply a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double spend. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation. Cryptography itself is the art of solving codes.  The fact that they are immune to government interference or manipulation is the real wahala (problem). Let me simply put it as your money is not or cannot be insured or guaranteed by any legal entity. This leads us to quickly highlight how cryptocurrency started. Cryptocurrency stated in 1983 by American David Chaum whose sole aim was to create an online digital currency that cannot be traced by the bank or government. Ultimately the first decentralised cryptocurrency popularly known as 'BITCOIN'
4 comments
Read more

DILEMMA CALLED THE NIGERIAN TREASURY BILL

 The Nigerian Treasury Bill;  hmm.... Hi Guys,  It's already a month we began this journey to financial literacy together. Happy new month people; I wish you the very best of the festive seasons and please try to make someone smile this December. According to investopedia, treasury bill is a short term government debt obligation backed by the treasury department or CBN in Nigeria's case with a maturity of one year or less (mostly on quarterly basis). They are low risk and secure investments. Let's simply put it this way, when government wants to finance public projects and are unable to raise funds they issue IOUs (I Owe You) to investors stating they have collected a certain amount from them and effectively pay interest immediately while your investment runs for the agreed tenor.  A lot of factors influence the interest rate of Treasury bill amongst which are the treasury bill auctioneers and types of bidders, market impact and most importantly the economy's inflation
Post a Comment
Read more

WHAT IS YOUR RISK APPETITE?

Image
 Good Day Readers,  Happy thanksgiving to our American followers and Happy Black Friday to the rest of the world.  Today we'd be taking a detour from discussing stocks to explaining what "risk appetite" really is. According to wikipedia, RISK APPETITE is the level of risk that an organisation or person is prepared to accept in pursuit of its objectives. In lay man terms, it is the level of risk you are willing to take in pursuit of your ROI (return on investment). When trying to determine your risk appetite with investments, it is very important to note the various of levels of risk listed below; Low Risk - The goal here is just to secure your investment as the return on the investment is not so important to you as getting back your principal. Under this level of risk are treasury bills, money market, Mutual Funds amongst other government backed investments. Medium Risk - People with this risk attitude or objective in mind just want to grow their income. It is important
Post a Comment
Read more