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Kenny
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Asked: 2020-05-27T22:43:12+00:00 In:

What can I invest my money in?

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Some people think investment should be given more attention than saving. Different people with different school of thought. 

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    1. Best Answer
      Scholar
      This answer was edited.

      “Investing money is a great source of making passive income. There are many investment opportunities in Nigeria, but, we are going to discuss where to invest money in Nigeria. If you are thinking about investing in a profitable business in Nigeria but don’t know which business to choose to earn extra money, here is a list of the most lucrative businesses in Nigeria”

      1. Save and invest with a bank. Certain banks, if not all, allow you spend less of your money and allow you earn some returns as interest after stipulated time.  start making money on savings from the bank you chose, create your account at your bank’s website, enter your bank details, and add a bank card. You will start earning the very same moment you create an account, and the whole process takes place online. So, you don’t have to make a visit to the bank.
      2. Investing in FG saving bonds. Not many of us must have heard of this. The FG saving bond is a means where you lend to the government to do some projects and you get paid with interest. The interest rate is 13%; more than any commercial bank would give you. Also, tax is not levied on your savings or interest.
      3. Cryptocurrency. This is one of the riskiest and fortune bringing business in the world, if carefully done. However, ensure you consult a professional who would guide you right into this business.
      4. Gold. It is said that Gold is now a lucrative business in Nigeria. The value of Gold never depreciates like oil; it’s value stays the same. A 10karat Gold doesn’t lose its value overnight.
      5. Stock. “When you buy shares, you need to make sure you do everything right. To cash out big in stocks investments, you need to develop your own winning system, conduct research before investing in stocks, and choose a quality stock. The thing is investing in stocks can help you get an incredibly high return which also comes in dividends and bonuses. Investments in the stock market for individuals start at 200,000 Naira and for companies at 1 million Naira. One more reason to invest in stocks is that stocks are very liquid and come extremely handy in times of emergency.”

       

      Others including

      1. Forex trading
      2. Agriculture
      3. Real estate
      4. Pure water production

       

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