BEST WAY TO INVEST N120,000?
Sir, I have N120,000 presently that I am willing to invest with but don’t just want to jump into stock market, could you please advise on the kind of investment I can go into and the companies I can invest in.
Deji
Case treated by JarusHub Investment Specialist:
(Over 20 years investing experience in Nigeria’s financial markets)
The stock market is a no go area for new investors at this point in time, we have problems with security in Nigeria coupled with uncertainty in the polity and economy.
I think cash is king between now and after the election in 2015, after which one can invest in stock or real- estate, for now I will advice you to keep your money in the bank or you buy Treasury Bills pending the time we have an idea of the direction of the economy and polity. For now investors’ confidence is currently at the lowest level.
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Keep it up jarus