5 INVESTMENTS YOU CAN MAKE WITH 5K

Investing 5000₦ wisely can really set the stage for a healthy financial future for you beyond your imaginations. Here are five smart investment strategies to consider for your 5K:

1. Stocks

5k can buy you shares of your favorite companies, whether foreign companies like Apple, Amazon or local companies like MTN, Dangote etc.

2. Mutual Funds

With 5k, you can invest in most mutual funds. Either directly from the Fund managers like Afrinvest or From Fintech apps like Cowrywise.

3. Cryptocurrency

If you don’t mind the volatility, 5k invested in good coins can turn to hundreds of thousands over time.

4. FGN Savings Bond

With as little as 5k, you can invest in Federal Government Savings Bond and earn interest 4 times per year.The more you invest, the more interest for you.

5. High Interest Savings Account

5k saved in platforms like Optimus will earn you interest of up to 10%. Leaving that money in the bank won’t give you anything.