They are both good investment decisions. The answer lies in your level of risk tolerance. In investment, there is no one size fits all. You can make money from a business faster than an ETF. Then again, every investment has its boom/peak periods and recovery periods in the business cycle. There's noRead more
They are both good investment decisions. The answer lies in your level of risk tolerance.
In investment, there is no one size fits all.
You can make money from a business faster than an ETF.
Then again, every investment has its boom/peak periods and recovery periods in the business cycle. There’s no guarantee of instant return on investment even for a business.
You can borrow money, but your best bet is from family and friends. Before you can get loans from micro finance bank...you must have a cash flow to show your business health, and a collateral as well. For startups I recommend savings instead of a loan, and this is because the market is volatile. AndRead more
You can borrow money, but your best bet is from family and friends. Before you can get loans from micro finance bank…you must have a cash flow to show your business health, and a collateral as well.
For startups I recommend savings instead of a loan, and this is because the market is volatile. And the success of your business is dependent on a lot of factors. A market can be productive but individual effort differs.
Test run your business, check your financials that it’s in positive numbers…then scale with a loan.
Before you talk about a payment setup...it is important to determine the type of business, and that is not covered in your question. It starts with opening a bank account for seamless transactions. If it's a digital business. You can integrate your payment system to enable users make payments directRead more
Before you talk about a payment setup…it is important to determine the type of business, and that is not covered in your question.
It starts with opening a bank account for seamless transactions. If it’s a digital business. You can integrate your payment system to enable users make payments directly.
And to invest…you can automate your investment amount and it is deducted monthly or as you choose.
A money market fund is a mutual fund, by mutual I mean a basket of funds...say a global basket that is traded daily on the money market (stocks, bonds, securities) and profit splitted daily among investors at an interest rate determined by market forces. How it compounds: You get a percentage on youRead more
A money market fund is a mutual fund, by mutual I mean a basket of funds…say a global basket that is traded daily on the money market (stocks, bonds, securities) and profit splitted daily among investors at an interest rate determined by market forces.
How it compounds: You get a percentage on your total amount daily reinvested into the market. So if you made 10% on $1000 on day 1. Day 2 will be 10% of $1,100 given a 10% interest rate.
Between investing in business and investing ETF which is the best?
They are both good investment decisions. The answer lies in your level of risk tolerance. In investment, there is no one size fits all. You can make money from a business faster than an ETF. Then again, every investment has its boom/peak periods and recovery periods in the business cycle. There's noRead more
They are both good investment decisions. The answer lies in your level of risk tolerance.
In investment, there is no one size fits all.
You can make money from a business faster than an ETF.
Then again, every investment has its boom/peak periods and recovery periods in the business cycle. There’s no guarantee of instant return on investment even for a business.
It’s never a straight line.
See lessIs It Advisable to Borrow Money to Start a Business in Nigeria Without a Job?
You can borrow money, but your best bet is from family and friends. Before you can get loans from micro finance bank...you must have a cash flow to show your business health, and a collateral as well. For startups I recommend savings instead of a loan, and this is because the market is volatile. AndRead more
You can borrow money, but your best bet is from family and friends. Before you can get loans from micro finance bank…you must have a cash flow to show your business health, and a collateral as well.
For startups I recommend savings instead of a loan, and this is because the market is volatile. And the success of your business is dependent on a lot of factors. A market can be productive but individual effort differs.
Test run your business, check your financials that it’s in positive numbers…then scale with a loan.
See lessWhat Payment System Is Best for Managing Small Business Finances in Nigeria?
Before you talk about a payment setup...it is important to determine the type of business, and that is not covered in your question. It starts with opening a bank account for seamless transactions. If it's a digital business. You can integrate your payment system to enable users make payments directRead more
Before you talk about a payment setup…it is important to determine the type of business, and that is not covered in your question.
It starts with opening a bank account for seamless transactions. If it’s a digital business. You can integrate your payment system to enable users make payments directly.
And to invest…you can automate your investment amount and it is deducted monthly or as you choose.
See lessHow Are Returns Generated and Reinvested in a Money Market Fund?
A money market fund is a mutual fund, by mutual I mean a basket of funds...say a global basket that is traded daily on the money market (stocks, bonds, securities) and profit splitted daily among investors at an interest rate determined by market forces. How it compounds: You get a percentage on youRead more
A money market fund is a mutual fund, by mutual I mean a basket of funds…say a global basket that is traded daily on the money market (stocks, bonds, securities) and profit splitted daily among investors at an interest rate determined by market forces.
See lessHow it compounds: You get a percentage on your total amount daily reinvested into the market. So if you made 10% on $1000 on day 1. Day 2 will be 10% of $1,100 given a 10% interest rate.