Suppose you invest ₦1,000,000 in a diversified portfolio and eventually achieve an average 15% annual return. After one year: ₦1,000,000 × 1.15 = ₦1,150,000 That's a ₦150,000 gain before considering taxes, fees, inflation and the fact that actual stock returns won't arrive smoothly every year. Now iRead more
Suppose you invest ₦1,000,000 in a diversified portfolio and eventually achieve an average 15% annual return.
After one year:
₦1,000,000 × 1.15 = ₦1,150,000
That’s a ₦150,000 gain before considering taxes, fees, inflation and the fact that actual stock returns won’t arrive smoothly every year.
Now imagine you use ₦1 million to operate a business generating ₦100,000 net profit per month.
That’s:
₦100,000 × 12 = ₦1.2 million annual profit.
You’ve potentially generated more than the original capital in one year.
But there’s a catch:
Getting ₦100,000 net profit every month is much harder than writing it down.
Your business could also lose ₦300,000, ₦500,000—or the entire ₦1 million.
Is Investing ₦1 Million in Stocks Better Than Starting a Business in Nigeria?
Suppose you invest ₦1,000,000 in a diversified portfolio and eventually achieve an average 15% annual return. After one year: ₦1,000,000 × 1.15 = ₦1,150,000 That's a ₦150,000 gain before considering taxes, fees, inflation and the fact that actual stock returns won't arrive smoothly every year. Now iRead more
Suppose you invest ₦1,000,000 in a diversified portfolio and eventually achieve an average 15% annual return.
See lessAfter one year:
₦1,000,000 × 1.15 = ₦1,150,000
That’s a ₦150,000 gain before considering taxes, fees, inflation and the fact that actual stock returns won’t arrive smoothly every year.
Now imagine you use ₦1 million to operate a business generating ₦100,000 net profit per month.
That’s:
₦100,000 × 12 = ₦1.2 million annual profit.
You’ve potentially generated more than the original capital in one year.
But there’s a catch:
Getting ₦100,000 net profit every month is much harder than writing it down.
Your business could also lose ₦300,000, ₦500,000—or the entire ₦1 million.