Best places to invest your money; investing your capital can be so tricky, especially if you are new to the investment platform.
Many people ask so many questions online, ”How do I invest my capital?”, Where can I invest my money in Nigeria?.
But all this quest for knowledge on how to invest your money is easy, the only reason it is not easy is when you don’t know where to invest the capital.
On today’s topic, I’m going to open your eyes to the best places to invest your money in Nigeria for better returns. In detail, I would let you know what investment is, why you need it, and how it would help you in the future.
What is Investment
In a simple and sweet term, investment is a form of allocating some money into a long or short time business in expectation of a huge return.
Investment can be done anywhere, from home, Schools, and the workplace. Anyone can invest his or her capital in others to get a return.
List of best places to invest your Money
Whenever you want to invest your money in Nigeria, make sure you don’t risk all your capital. Because not all investment platforms are easy, some are risky. So while trying to invest your money start with the ones below;
Cryptocurrency is one of the best places to invest your money.
In this new era of fast-growing technology around the world, cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple have gained the insight of investors.
The above cryptocurrencies are widely used around the world and many investors are running after these coins, knowing they would rise someday and would become very hard for anyone to buy.
If you are ready to start investing in cryptocurrency, you can Start with Binance.
2. Forex Trading
Forex trading is another place you can invest your money as a student, graduate, or employed individual. But investing in forex trading can be risky if you don’t know how to trade in the forex world.
According to Nedwallet, a stock is a type of investment that represents an ownership share in a company. Investors buy stocks that they think will go up in value over time.
What this simply means is that when you purchase a stock from a company, you’re purchasing a small piece of that company, and it’s also called a share. Bamboo is one of the stock markets in Nigeria.
Bamboo gives unrestricted access to over 3,000 stocks listed on the U.S. stock exchange, right from your mobile phone or computer. Checkout 5 Perfect Things You Must Do while investing in stocks
Lending is one big investment that many people neglect and don’t see as a means of getting huge returns. Imagine having your money in the bank and it not yielding anything at the end of each month or year.
Whereas if the money is being lent to a person, organization, or a small business owner in exchange for interest when the individual or organization is paying back.
You might be wondering how you can invest in blogging, but it is a very good business. In Blogging, you don’t need to know anything or much about blogging before you can invest your money.
Just open an online editorial business and start making money by running an advert on your blog. To start, employ a good developer to build your blog, and a good SEO Expert to set up the content.
You can also learn How To Start A Profitable Blog For Beginners.
After, you employ content writers to start creating good content on your blog, if you have enough traffic you can apply for Adsense. You can get good content writers and Developers from Fiverr.
6. Food Delivery Business
Today food delivery business has become a good place to invest your money, especially in urban areas.
Many people living in urban areas are office workers, and most of them find it difficult to go out to get food and drinks.
But if you are in business, you would cover up for the space of delivering the food to them.
Although starting a food delivery business can take a little of your money because you would be a delivery Boy and also an Android and iOS App for your clients.
But it is a very good business, provided that it would pay your bill and you would recover your money back. Example of a food delivery business