How To Grow A Million Naira (Index Funds, TBills, Stocks, Mutual Funds)
Channel: Awom Kenneth
Date: 2019-10-05

How to grow a million Naira not how to make a million Naira, there is a difference; it had to see but there is a clear difference.

Like any other thing in this beautiful and unique world, we live in, growing things take time, discipline, strategy, mindset, resources and a whole lot more. There is a saying, the best time to plant a tree is now. This video is about growing your money with all intent and purpose, not just making a quick buck or in this case Kobo.

The conversations about growing money or income (gained or otherwise) are almost unheard of in most Nigerian families, especially families of low household income, we are more equipped in planning short term enjoyments and trips to Dubai on credit, than looking into finer details of accessible and basic financial instruments available to us; or the actual interest we receive by owning an account with a bank.
They say the rich get richer and the poor get poorer but they forget the poor are free giving spirits while the rich have their Golden hands glued together.
In this video, I cover five financial instruments that are basic and provide real value to the average person. And also explained the possibility of growing N30,000 into a Million Naira within the time span of 5 years.

How to grow a million Naira or a million dollars with the right habits. 

Treasury Bills (or T-Bills for short) are a short-term financial instrument that is issued by the US Treasury with maturity periods ranging from a few days up to 52 weeks (one year). They are considered among the safest investments since they are backed by the full faith and credit of the United States Government.

When an investor buys a Treasury Bill, they are lending money to the government. The US Government uses the money to fund its debt and pay ongoing expenses such as salaries and military equipment. T-Bills are sold in denominations ranging from $1,000 (standard) up to a maximum of $5 million.

What is an index fund? 
An index fund is a type of mutual fund with a portfolio constructed to match or track the components of a financial market index, such as the Standard & Poor's 500 Index (S&P 500). 

Why Invest in an Index Fund: They have very low fees.
This is because indexes are very simple to put together, very simple to manage, there isn’t much overhead, and those savings get passed on to you. This is also what’s known as a PASSIVELY managed fund. You’re getting an entire portfolio of stocks that automatically gets balanced and adjusted over time, without doing any work, and you pay as low as 0.04% annually.

This is the opposite of a MUTUAL FUND, which employs professional stock pickers who aim to generate market-beating performance. However, the additional overhead expense associated with this, as well as the fees incurred by buying and selling, ultimately gets passed on to you, as the investor, in the form of higher fees. And that is WITHOUT the guarantee of actually beating the market. 

SUBSCRIBE TO MY CHANNEL HERE: https://www.youtube.com/channel/UCZKDkH3isDm-e0MXSixa-VQ?sub_confirmation=1&

PREVIOUS VLOG : https://youtu.be/W7vImn75M_U


___

LET'S STAY CONNECTED:

BLOG - https://www.24naija.com

Twitter: https://twitter.com/AWOMKENNETH1

Instagram: https://www.instagram.com/awomkenneth/
___ 

BUSINESS:

For business inquiries please contact 
awomkenneth @ gmail.com


Campfire by Scandinavianz https://soundcloud.com/scandinavianz Creative Commons — Attribution 3.0 Unported — CC BY 3.0 Free Download / Stream: https://bit.ly/_campfire Music promoted by Audio Library https://youtu.be/9Rfykh-YzCc –––––––––––––––––––––––––––––– 
🎵 Track Info: Title: Campfire by Scandinavianz 
Genre and Mood: Pop + Inspirational