@Ogechi_Daniel_Ndukwe wrote:
This is a typical question a mid-level income earner sent to my mail on the best short term investment opportunities in Nigeria :
Hi,
I have N100,000 that I need to invest without much exposure to risk but want to make more than bank annual savings return, where can I get a higher return on a short term, say 6-months - 1 year?
I am not surprised if a lot of people with more cash are asking and looking for answers to this question. Why? We are in an eventful period where saving money in a bank no longer pays, not because of the interest return but the rate at which the Naira loses value is alarming. You will also agree with me that what one could buy with N10,000 in 2012, one can't afford that same value with N20,000, that's how inflation will wipe out the real value of N100,000 and leave you with the normal value.
Another better place we no longer trust is the Nigeria stock market. Personally, I still believe this is the best financial market one can invest in only if you know how to spot a great company with profit potential and are willing to hold your portfolio between 3 - 5 years.
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