Yesterday when i was discussing about starting investment with my Friends, this idea of starting investment with 1million came up, so guys, don i have to wait until I have 1million before starting my personal investment? Is it a wise decision though?
What are your ideas?.
I don't think that's a good idea. You don't need to wait till you get rich before starting investment, both offline and online. I have remember one man that recently sell 2 of his land that was bought year before last. The money was double compering to the investment capital. He wasn't invested up tRead more
I don’t think that’s a good idea.
You don’t need to wait till you get rich before starting investment, both offline and online.
I have remember one man that recently sell 2 of his land that was bought year before last. The money was double compering to the investment capital. He wasn’t invested up to 1 million naira.
what am I try to say is assess your finances and allocate a portion of your income for investing. Even a small amount regularly invested can grow significantly over time.
Even in cryptocurrency, you can start making profit from investment capital of $20.
See lessWaiting to have 1 million before starting your investment may not be the most effective strategy. Investing is typically a long-term approach, and the sooner you start, the more time your investments have to grow. By waiting for 1 million, you could miss out on potential gains. It's better to beginRead more
Waiting to have 1 million before starting your investment may not be the most effective strategy. Investing is typically a long-term approach, and the sooner you start, the more time your investments have to grow. By waiting for 1 million, you could miss out on potential gains. It’s better to begin investing with whatever amount you have, even if it’s modest, and continue to contribute additional funds over time. The key is consistent investment and a well-thought-out plan.
See lessWhy do you have to wait to invest if you have funds of one million, what are your plans for the type of investment instrument you will buy. Of course you will lack funds if you intend to invest in property with only 1 million Naira or around $1,355. Currently, becoming an investor is very easy, andRead more
Why do you have to wait to invest if you have funds of one million, what are your plans for the type of investment instrument you will buy. Of course you will lack funds if you intend to invest in property with only 1 million Naira or around $1,355. Currently, becoming an investor is very easy, and you only need to have at least $1, then you can invest periodically like you save in a bank. . There are several investment instruments with deposits of only $1 such as mutual funds, crypto, gold savings etc.
See lessIf you wait until you have one million so that you can start investing, this is never going to happen to most people. Even if you manage to collect 1 million it will take a long time to reach there and you will miss a lot of investing opportunities. Investing should be done with what ever you have aRead more
If you wait until you have one million so that you can start investing, this is never going to happen to most people. Even if you manage to collect 1 million it will take a long time to reach there and you will miss a lot of investing opportunities. Investing should be done with what ever you have and you should gradually increase your investing amount. INvestment should also be done on a regular basis.
See lessI think Making an investment depends on an individual's money available and how trust worthy the investment plan is. It is one thing to have the money for investment another thing is to make sure that the investment plan would work. So if you have the minimum amount for the investment and it is genuRead more
I think Making an investment depends on an individual’s money available and how trust worthy the investment plan is. It is one thing to have the money for investment another thing is to make sure that the investment plan would work.
So if you have the minimum amount for the investment and it is genuine to you , you can go ahead to invest but you don’t need to start out with millions. I will advise you even start with what you can avoid to lose to prevent had I known.
See less