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BellaNaija.com

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Fred received an unexpected phone call from Canada offering a once in a lifetime opportunity to invest in offshore options trading, promising returns of more than 30%. He needs to act quickly as there are only limited opportunities available.

What should he do?

  1. Invest his money before he misses out.
  2. Hang up the phone immediately.

Many have lost a lot of money and even run into debt, seemingly ‘investing’ in get-rich-quick schemes.

While a good risk appetite might be beneficial to an investor, it is wise to research well and seek proper information before committing your funds. Here are a few tips:

  • You have the right to ask your investment manager what your funds would be invested in. For instance, the Money Market Fund is invested in Government securities and other verifiable instruments, hence the capacity to deliver competitive returns and dividends.
  • You should also carefully consider the interest and turn-around rate offered by the investment opportunity. If it appears improbable, it probably is.
  • Invest with an organisation you can trust, one with a proven record of accomplishment.  If you are ever in doubt as to the authenticity of any opportunity, contact your financial adviser.

As we prepare for the festive season, be alert and protect yourself (bank details and investments).

Should you have questions about investments and asset management, please contact us. We are always willing to provide financial advice whenever you require it.

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5 Comments

  1. Nikkylicious

    September 7, 2016 at 1:10 pm

    Invest in Nigeria treasury bills of 17.45%, please stay away from get rich quick scammers, warning MMM

    • Ready

      September 7, 2016 at 3:17 pm

      T-bills are at 14% interest rate.,,at least that’s what I was told by the sponsor of this post. Where’d you get your rate from, please?.

    • dips

      September 14, 2016 at 12:27 pm

      91 DAYS 14.99%, 182 DAYS 17.48%. Source CBN

  2. CautiousBabe

    September 7, 2016 at 3:24 pm

    Hi Nikkylicious, A friend was just telling me about this MMM online business thing. I can see u know a thing or two about it.… pls can u advice me? Is it safe?
    Help a sis pls!

  3. ses

    September 7, 2016 at 6:42 pm

    The rates differ depending on tenor, if you invest in longer tenured bills you can get a higher yield.

    I have a blog on Investment options coming soon, you can subscribe to it and get more details on the different investment options you can plug into the Nigerian financial market e.g. bonds, treasury bills, forwards, swaps, derivatives et al.

    Cheers.

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