They say hindsight is twenty-twenty. When you look back at various phases in your life, it’s easier to see what went well and what could have been better. So here are some thoughts on how I would design a perfect life, financially speaking. There have been books written about this so I don’t expect to … Read more
How Do I Grow My Money? As a kid, my friends and I would fantasize about the Richard Pryor movie, Brewster’s Millions. In this movie, Richard Pryor’s character has to spend (not invest, spend) 30 million dollars in 30 days without having anything left at all. We would argue about what to do with that … Read more
5 Best Tips for Budgeting A tale of 2 jobs My first job after university was over 10 years ago. I was earning N50,000 monthly at the time, just over $160 in today’s money. Interestingly I always made it to the end of the month with no problem. I had minimal savings, but I was … Read more
There’s a YouTube video from @StupidIsTheNorm that puts forward what is possibly the best argument for investing in property over stocks. The main advantage property investments have over stocks is that you can take a loan for property, while you typically have to use your savings to buy stocks. Imagine you have £20,000 to invest. … Read more
“Wide diversification is only required when investors do not understand what they are doing.” – Warren Buffett Other People’s Money: Common Sense vs. Expert Advice I remember watching Danny Devito’s movie, Other People’s Money as a kid and I imagined trading in stocks to be glamorous and badass. I thought stockbrokers had the opportunity to be … Read more
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” – Warren Buffett So Nairametrics has an article out on why you should be cutting your losses in a bear market, in which it talks about the fact that the Nigerian Stock … Read more