What’s the real difference between saving money in a fixed deposit and putting the same money into a money market fund? Which one actually makes more sense in today’s economy, considering inflation, liquidity, and returns?
Fokona Latest Questions
What is the difference between next of kin and writing a will, and which one is more important and safer.
The issue is that , the money don’t come in one day, it coming small , some times 20k daily, sometimes 5k daily , sometimes nothing, but approximately 100k will enter monthly. What should I do ? Am selling a ...Read more
How do I make my little money working for me before my old Age
I want to understand how people realistically manage their finances when their monthly income is limited and the cost of living keeps increasing. How do you divide your income between necessities, savings, investments, emergencies, family responsibilities, and personal goals? At ...Read more
I’ve been thinking about this from both a financial and real-life perspective. Many people have stable jobs or consistent income, yet they still struggle financially. This seems to be a common situation, especially for individuals and families managing daily responsibilities. From your ...Read more
I’m a salary earner and I want to start something important for my future. Always am confused about what should I do? Time is going, waiting for opportunity and others are gaining. Your advice is really needed please 🙏 sir ...Read more
Family responsibilities are a reality for many Nigerians. Someone may earn ₦200,000 and immediately have parents, siblings or relatives asking for assistance. Helping family is important, but where should someone draw the line? Should you first establish an emergency fund and savings before ...Read more
How can I save and invest on a ₦50,000 monthly salary in Nigeria as a bachelor
How do I buy Dangote IPO and what are the signals to look out for before I sell so as not to lose money?