Secondly, as a beginner were would you advice me to start investing?
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Let me answer you honestly… without sugarcoating anything. 1. What it takes for me to mentor someone For me, Mentorship is not about liking you. It is not about following me. It is not about asking many questions. Mentorship is about responsibility. And most people are not ready for it. These are thRead more
Let me answer you honestly… without sugarcoating anything.
1. What it takes for me to mentor someone
For me, Mentorship is not about liking you.
It is not about following me.
It is not about asking many questions.
Mentorship is about responsibility.
And most people are not ready for it.
These are the things I look for:
1. You must be serious with your life
Not motivated… serious.
Motivation fades.
Seriousness stays.
If you are still jumping from one opportunity to another,
looking for quick money…
Mentorship will not help you.
2. You must be willing to follow structure
I don’t do trial-and-error mentorship.
If I give you a structure and you keep doing your own thing…
You are wasting your time.
3. You must have patience
Wealth is not built in 3 months.
And If your mindset is: “Let me try this and see results quickly”
You are not ready.
4. You must be financially committed
Let me be very clear.
Free advice is general.
Mentorship is specific.
And anything that is specific requires:
Time
Attention
And Strategy
That is why mentorship is not free.
Not because of money alone…
But because commitment is tested through what you are willing to invest.
2. As a beginner, where should you start investing?
This is where most people make their biggest mistake.
They start with:
Crypto
Trading
And High-risk stocks
Because they want fast results.
Let me explain this better, using a simple example.
If Mama Ngozi has ₦100,000…
She will not use it to do risky business first.
She will first:
Keep part safe
Use small part to test business
That is wisdom.
Here’s a Step-by-Step Starting Point for Beginners:
Step 1: Start with Money Market Mutual Fund
This is your foundation.
Why?
Because… its Low risk investment with Stable returns, and very Easy to access.
This Helps you build discipline
Think of it as:
“Parking your money where it is working quietly”
Step 2: Learn before you move
Don’t rush into stocks.
First understand:
How companies make money
How to read basic financials
Why prices go up and down
Because…. Ignorance in investment is expensive.
Step 3: Move to Stocks gradually
When you understand the basics:
Start with strong companies
Think long-term
Don’t chase hype
Step 4: Only then consider high-risk assets
Like Crypto, aggressive investments…
And this Should not be more than 10% of your portfolio
Because… Anything beyond that is gambling, not investing.
Let me tell you the truth:
Most people are not poor because they don’t have money…
They are poor because:
They don’t have structure
They don’t have discipline
They don’t have patience
So… here’s My Advice to You
Don’t rush to look for mentorship.
First:
Build discipline
Start small
Stay consistent
When you are ready for structure…
Mentorship will find you.
I am Iking Ferry.
I don’t just teach investment.
I teach how to think about money.
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