Principal Financial Advisor

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

 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'

 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