Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
How do I create poll questions on Fokona ?
The error message you’re seeing on Fokona — “minimum poll questions is 15” — is poorly worded, but it doesn’t mean you need 15 different questions. It means: Your poll must have at least 15 characters (letters/words) in the question field, not 15 questions. 🔹 What the error actually means “Minimum pRead more
The error message you’re seeing on Fokona — “minimum poll questions is 15” — is poorly worded, but it doesn’t mean you need 15 different questions.
See lessIt means:
Your poll must have at least 15 characters (letters/words) in the question field, not 15 questions.
🔹 What the error actually means
“Minimum poll questions is 15” =
👉 Your poll question is too short
Example of what causes the error:
❌ “Best stock?” (too short)
🔹 How to fix it (step-by-step)
1. Write a longer poll question
Make sure your question is descriptive enough.
Examples:
❌ Too short
“Best investment?”
✅ Correct
“Which investment option is best for long-term wealth building in Nigeria?”
2. Add multiple poll options (answers)
Most platforms like Fokona require:
At least 2–4 answer choices
Example:
Stocks
Mutual funds
Real estate
Fixed deposit
3. Ensure each option is valid
Avoid:
Empty options
Very short or duplicate answers
4. Check for hidden issues
If the error still shows:
Remove emojis or special symbols
Avoid copy-paste from WhatsApp (it may carry hidden characters)
Refresh the page or try another browser
🔹 Example of a valid poll
Question:
“Which investment platform do you trust most for long-term savings in Nigeria?”
Options:
PiggyVest
Bamboo
Cowrywise
Bank fixed deposit
👉 This will pass because:
Question is longer than 15 characters
Options are complete
🔹 Why Fokona does this
Platforms like Fokona enforce minimum length to:
Prevent spam questions
Encourage meaningful discussions
🔹 Bottom line
You’re not required to create 15 questions.
You just need:
A longer, clear poll question (15+ characters)
Proper answer options
How do I invest in money market mutual funds using ARM One app in Nigeria?
Good question—this is exactly the right place to start as a beginner. I’ll break it into two parts: How to invest using ARM ONE app Which fund is best for you as a beginner ✅ 1. How to invest in Money Market Mutual Fund using ARM ONE The ARM One App is designed to make this simple. Step-by-step procRead more
Good question—this is exactly the right place to start as a beginner. I’ll break it into two parts:
See lessHow to invest using ARM ONE app
Which fund is best for you as a beginner
✅ 1. How to invest in Money Market Mutual Fund using ARM ONE
The ARM One App is designed to make this simple.
Step-by-step process:
Step 1: Download & Register
Install the app (Play Store/App Store)
Create account (BVN, email, phone number)
Complete KYC verification
👉 The app allows you to manage investments, track returns, and invest in mutual funds directly
Step 2: Fund your wallet
Transfer money from your bank into your ARM wallet (cash balance) inside the app
Step 3: Choose “Mutual Funds”
Inside the app dashboard:
Click Invest
Select Mutual Funds
Step 4: Select Money Market Fund
Look for:
ARM Money Market Fund (MMF)
Step 5: Invest
Enter amount (you can start from as low as about ₦1,000)
Confirm transaction
Units will be allocated to you
Step 6: Monitor & withdraw anytime
You can:
Track daily growth
Add more money
Withdraw when needed
💡 2. Which mutual fund is best for a beginner?
Let’s be very direct:
👉 As a beginner, Money Market Fund is your best starting point
Why?
The ARM Money Market Fund:
Is low risk
Preserves your capital
Pays steady returns
Is better than leaving money in savings account
It invests in:
Treasury bills
Bank placements
Short-term government securities
🔍 Simple comparison (so you understand clearly):
Fund Type
Risk
Best For
Money Market Fund ✅
Low
Beginners, short-term savings
Fixed Income Fund
Medium
Slightly higher returns
Equity Fund
High
Long-term, higher risk
🎯 What I recommend for YOU (based on beginner level)
Start like this:
Phase 1 (First 3–6 months)
Put money in Money Market Fund
Learn how the app works
Understand how returns come
Phase 2 (Later)
You can gradually add:
Fixed income fund
Or small equity exposure
⚠️ Important beginner advice
Don’t rush into equity funds first
MMMF is not for “quick profit” — it’s for steady growth + safety
You can withdraw anytime (very liquid)
🧠 Bottom line
Use ARM ONE app → Mutual Funds → Money Market Fund
It is:
Safe
Beginner-friendly
Flexible
Start small, then grow
What Is the Smartest First Investment Option for Beginners in Nigeria: Stocks, Skills, or Small Business?
The smartest first investment for a beginner in Nigeria is usually: 👉 1. Skills (First) 👉 2. Small Business (Second) 👉 3. Stocks (Third) Here’s why — especially in the Nigerian environment 🇳🇬 1. Skills — The Smartest First Investment Skills increase your earning power, which is more important than tRead more
The smartest first investment for a beginner in Nigeria is usually:
👉 1. Skills (First)
👉 2. Small Business (Second)
👉 3. Stocks (Third)
Here’s why — especially in the Nigerian environment 🇳🇬
1. Skills — The Smartest First Investment
Skills increase your earning power, which is more important than trying to invest small money.
If you invest ₦50,000 in stocks:
You may earn ₦5,000–₦10,000 in a year
But if you invest ₦50,000 in a skill:
You can earn ₦20,000–₦100,000 monthly
That’s why skills come first.
Best beginner-friendly skills in Nigeria:
Digital skills (Graphic design, video editing)
Sales & marketing
Phone repair
Baking / food business
Social media management
Copywriting
Photography
Skills create income, and income funds investments.
2. Small Business — Second Smartest
Nigeria favors small businesses because:
High inflation makes cash lose value
Businesses can adjust prices quickly
Fast cash flow
Examples:
Kilishi business (like your example)
Perfume sales
Phone accessories
Snacks & drinks
Printing / cyber café (like what you mentioned earlier)
Even ₦20,000–₦100,000 can start something small.
3. Stocks — Best for Wealth Building (But Third for Beginners)
Stocks are great for long-term wealth, but:
They grow slowly
They require patience
They need extra money (not survival money)
Good beginner stocks in Nigeria often include:
Bank stocks
Telecom stocks
Consumer goods stocks
Examples on the Nigerian Exchange Group:
MTN Nigeria Communications Plc
Zenith Bank Plc
Dangote Cement Plc
These are good after you already have stable income.
The Smartest Path (What Most Wealthy People Do)
Step 1 → Learn skill
Step 2 → Start small business
Step 3 → Invest profit in stocks
Step 4 → Build long-term wealth
This is the most realistic path in Nigeria.
Since you’re already interested in:
Stocks
Treasury bills
Money market funds
Solar business
See less