NYSC: Opportunity in the Stock Market
As a serving Corp member, one sure way of gaining control of your financial destiny is investment in the Stock market. The stock market can be a powerful investment tool, especially for long term investments. A lot of people desire to invest but don't know how to go about it.
Having control of your financial destiny involves work and learning. But the rewards far outweigh the effort. Investing is becoming more of necessity because gone are the days when people work for 35 years and then retire to a fat pension. We are all witness to the incessant protest of pensioners in Nigeria. The government is tightning it's belt and with the boated pension bill it's unable to pay as at when due. As a result you find pensioners left in the cold without any money even when eventually paid take months or years. With the new pension reform bill, the responsibility of planning for retirement is shifting away from state and toward the individual.
To be successful as an investor you need to ensure that your investment strategy comply with some factors like safety of capital, current income capital appreciation, aga, position and personal circumstance.
However, as a Corp member, you may begin to save from your monthly "Allowee" and other monetary benefits accrue to you during service. As a beginner you may start with mutual fund. A well chosen stock mutual fund is less risky than an individual stock because mutual fund is less risky than an individual stock because mutual funds invest in many companies, thus spreading out the risk. If one company does poorly, the fund as a whole may still have good returns.
For more information on this, request your copy of the book: The Secret of A Successful Service Year or call: 07030732410
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| Corp members on Parade |
Having control of your financial destiny involves work and learning. But the rewards far outweigh the effort. Investing is becoming more of necessity because gone are the days when people work for 35 years and then retire to a fat pension. We are all witness to the incessant protest of pensioners in Nigeria. The government is tightning it's belt and with the boated pension bill it's unable to pay as at when due. As a result you find pensioners left in the cold without any money even when eventually paid take months or years. With the new pension reform bill, the responsibility of planning for retirement is shifting away from state and toward the individual.
To be successful as an investor you need to ensure that your investment strategy comply with some factors like safety of capital, current income capital appreciation, aga, position and personal circumstance.
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| The Book |
However, as a Corp member, you may begin to save from your monthly "Allowee" and other monetary benefits accrue to you during service. As a beginner you may start with mutual fund. A well chosen stock mutual fund is less risky than an individual stock because mutual fund is less risky than an individual stock because mutual funds invest in many companies, thus spreading out the risk. If one company does poorly, the fund as a whole may still have good returns.
For more information on this, request your copy of the book: The Secret of A Successful Service Year or call: 07030732410
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