Did you know that you don’t have to wait until you’ve saved up a substantial amount of money before you start investing? In fact, you can start investing with as little as 5,000 Naira!
Investing is a crucial step towards achieving financial freedom, and there are several investment options that allow you to start small and grow your portfolio over time.
Let’s discuss some options:
Stocks
The stock market is a great place to accumulate wealth over a long period of time, and you can start buying stocks with just 5,000 Naira through a stockbroker or an online trading platform.
Agriculture
Investing in agriculture production and sales can be a smart move that doesn’t require too much effort or capital.
Fixed Deposits
Fixed deposits are another low-risk option to consider, as you can deposit a fixed amount of money for a fixed period (30 – 365 days) and earn higher interest rates than with regular savings accounts.
So, if you like to play it safe with investments, you can automate this with Keystone bank.
FGN Savings Bond
You can also explore investing in FGN (Federal Government of Nigeria) Savings Bonds, which offers attractive coupon rates and are backed by the full faith and credit of the federal government.
With all these options available, you can start investing towards your financial goals today!
Source: https://kobotalk.com/5-investment-you-can-make-with-5000-naira-in-nigeria/