Compound Interest Why is compound growth important for a long-term investor? Compound growth means your returns can themselves generate additional returns when they remain invested. The longer the investment period and the more consistently you contribute, the more powerful compounding can ...Read more
Fokona Latest Questions
What are the important rules and knowledge needed before entering into Stock Market
For someone who just got his first salary of 75,000, what should be the percentage of how to put this money in good use considering feeding, clothing, investment, emergency, transport to work, data subscription, family, medical bills, etc. Please I ...Read more
Prepare a monthly financial budget that the income has to come directly from ur business and aw to include lifestyle budget i.e(education, vacation, business expansion,projects and so on).
Hello, my dad has #2,000,000 of his gratuity in bank fixed deposit. I would like to pull it out and invest in something that would pay him monthly. What is the best solution? The idea is for him to be ...Read more
Good evening all, I bought Treasury bill from Afrinvest app on 11 March, from my research it is normally sold every 2 weeks Wednesdays. Meaning tomorrow Wednesday 25th March, Treasury bill sales will be on. On further research I discovered ...Read more
I currently have ₦100,000 available to invest. I am looking for realistic investment options in Nigeria that can help me grow the money over time. I am interested in both short-term and long-term opportunities, but I want to avoid scams ...Read more
I found myself in the midst of teenagers often, and I would love to expose them to the values of investment and how it could help them in life. Could you (anyone) break down the term investment to me in ...Read more
If I have ₦500,000 to invest in Nigeria today, should I put everything into one investment or spread it across different assets??? Like If you had ₦500,000 today, how would you divide it between safe and growth investments?
What investment strategy can you recommend for a group of 20 like minds who wish to pool resources together monthly and invest continuously for 5 years after which they will share the profit