With Sapa lurking around the corner, planning for a rainy day might not be feasible because, let’s face it, it’s “raining” every day these days despite harmattan being on duty!
Just kidding, but doesn't it always seem like a never-ending month? Everyone talks about how long January can be, and it might actually look like 42 days, after spending money to make your December as enjoyable as possible. Like taking a cab for every trip (did you see those surge isonu? yuck), buying concert tickets (you miss out all because the artists are early at the same time, you're late or you end up waiting hours because You came too early), go to parties, buy new clothes to kill, go home or go on vacation, buy food, drinks and gifts, realize how broke you get in January is normal, in fact, very broke . Wish you had at least enough photos and videos to make good memories to ease the pain?
Tips mutual funds
One of the best ways to get more value out of your savings is to invest in mutual funds. Hopefully you've saved some money which you can withdraw to ease the little stress of this Gbeju January. If not, don't worry, you can at least start now so you can build some cushion for next time. If you're wondering what a mutual fund is, the resulting yield is like a group of people who plan to share a whole cow so they each get more juicy bits and more bulk meat instead of buying smaller chunks. You'll agree that buying in bulk is more cost effective. This is how a mutual fund works, it is a collective investment scheme where individuals can invest as little as N5,000 and earn a rate of return similar to an individual investment of N1m. Contributions from diverse investors like you and me are then pooled and invested on our behalf in money market instruments, stocks, bonds and other securities by professional fund managers - Stanbic IBTC Asset Management (insert wink emoji).
Don't be fooled by the big words, mutual funds are like ajo (local daily or monthly contributions) but with the added bonus of interest and return on investment. The main difference is that when you save in an ajo the most you can earn is the amount you put in but when you invest in a mutual fund you get extra income from the returns you earn because your money has Introduced by Stanbic IBTC. There is also the risk of someone running away with ajo money that doesn't exist in mutual funds.
One of the best platforms to invest in mutual funds is the Stanbic IBTC Mutual Fund Scheme. Depending on your investing behavior, you have different options. With as little as N5,000, you can become an investor and expect a competitive return on investment. We also know some of you just broke wood kolo, please give those savings a chance to "gbera" this year by investing in mutual funds
Why Mutual Funds?
The best part of investing in Stanbic IBTC mutual funds is risk reduction and diversification.
Your money is safe, it's not like all those Ponzi schemes where business owners can get away with your money. Stanbic IBTC is a reputable company regulated by the Securities and Exchange Commission (SEC), so your funds are as safe as possible. We're also easily accessible via the web, mobile app and from any of our physical locations - you can walk in and ask questions anytime.
Mutual funds ensure that your money is invested in a variety of profitable financial instruments, ensuring maximum returns for your funds. We make sure colored eggs are in your basket.
Nobody should be overly convincing you to invest your money, the way sapa is on the street these days, you need to triple and quadruple your income if you can, especially when it comes in handy in January, Everyone's eyes were red and their pockets were dry.
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