Hi, please I’d really appreciate your advice. With the dollar rate dropping, is it still wise to keep investing in a dollar mutual fund on PiggyVest, or would it be better to switch to a naira mutual fund? I’m a bit concerned that if the dollar keeps falling, I might withdraw less than I invested.
Okay let set the ball straight just as the way of my mentor (iking. F). Let first understand the word mutual funds. Mutual funds doesn't make you rich over night because, it a low risk investment. And that doesn't make it bad or worst It just for safety and stability. Now back to the U.S market. DolRead more
Okay let set the ball straight just as the way of my mentor (iking. F).
Let first understand the word mutual funds.
Mutual funds doesn’t make you rich over night because, it a low risk investment.
And that doesn’t make it bad or worst
It just for safety and stability.
Now back to the U.S market.
Dollar falling doesn’t makes dollar weak and for a strategic investor you don’t panic because you’re seeing the red sign all over your screen.
No!
Your first step is to know exactly why are you investing in the U.S market.
Cause Clarity cancel unnecessary emotional dramas.
Moreover
Money don’t understand emotions
Hope this helps?
See lessUs Mutual funds offer stability.low fees and dollar protection. But miss naira explosive growth opportunity
Us Mutual funds offer stability.low fees and dollar protection. But miss naira explosive growth opportunity
See less