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Elijah

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  1. Asked: March 18, 2026In: Financial Literacy

    What are the step by step measures to manage money?

    Elijah
    Elijah
    Added an answer on March 19, 2026 at 7:35 pm

    Expansion comes from management If you don't know how to expand, to manage will be difficult. The difference is this; Is only when you're holding money you can think of management but when you don't have any cash with you, can you manage no. Hope this helps?

    Expansion comes from management

    If you don’t know how to expand, to manage will be difficult.

    The difference is this;

    Is only when you’re holding money you can think of management but when you don’t have any cash with you, can you manage no.

    Hope this helps?

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  2. Asked: March 19, 2026In: Mutual Funds & Fixed Income

    Dollar & Naira Mutual Fund – Which one is best, as dollar rate is dropping

    Elijah
    Elijah
    Added an answer on March 19, 2026 at 7:32 pm

    Okay let set the ball straight just as the way of my mentor (iking. F). Let first understand the word mutual funds. Mutual funds doesn't make you rich over night because, it a low risk investment. And that doesn't make it bad or worst It just for safety and stability. Now back to the U.S market. DolRead more

    Okay let set the ball straight just as the way of my mentor (iking. F).

    Let first understand the word mutual funds.

    Mutual funds doesn’t make you rich over night because, it a low risk investment.

    And that doesn’t make it bad or worst

    It just for safety and stability.

    Now back to the U.S market.

    Dollar falling doesn’t makes dollar weak and for a strategic investor you don’t panic because you’re seeing the red sign all over your screen.

    No!

    Your first step is to know exactly why are you investing in the U.S market.

    Cause Clarity cancel unnecessary emotional dramas.

    Moreover

    Money don’t understand emotions

    Hope this helps?

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  3. Asked: March 19, 2026In: Mutual Funds & Fixed Income

    What is a money market mutual fund? and how does compounding works?

    Elijah
    Best Answer
    Elijah
    Added an answer on March 19, 2026 at 7:20 pm

    Compounding only works if your goal is to achieve one thing at a time. While money market mutual fund is a low risk investment design to build beginners confidence in the capital market.  Meaning to say that; You don't have to panic because your money is regulated by professionals so your risk at loRead more

    Compounding only works if your goal is to achieve one thing at a time. While money market mutual fund is a low risk investment design to build beginners confidence in the capital market.  Meaning to say that; You don’t have to panic because your money is regulated by professionals so your risk at loss is very low.

     

    Hope this helps

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