Are Millennials and Recent Graduates Planning for the Future?

Study after study confirms that millennials don’t invest they don’t care about their pensions, they aren’t planning for the future and they don’t know how much they need to live on. Millennials are spending their money on possessions, not investments. This leaves millennials in an extremely compromised position because they aren’t investing, and what they do save isn’t yielding the returns required to build meaningful wealth for their retirement

Firstly, it is far from proven that young people are any less good at dealing with their finances than their parents were. It’s certainly harder for them to manage them. Many of those now in their fifties and older had guaranteed “final salary” pensions to fall back on. These did not require any specific action on the part of the employee at all. Simply by working for 40 years, you would end up with an often extremely generous, guaranteed, inflation-proofed pension, which would be paid out to you throughout your retirement. Now, d if you want a decent amount to live on, you will have to take some action steps to secure your future.

You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Saving is for short term, investments is for the Future

Over the last decade, Money Market securities have consistently outperformed cash

For example, the average interest rate for a savings product in Nigeria is between 4% and 10%, however in order to qualify for the 10 percent savings – you must have a minimum balance of N5,000,000.

Kolobox is a micro investing platform, which conveniently allow users to invest their “spare change ” by making small, automatic payments into a savings or investment electronic wallet account. Our mission is to help people save or invest money without lifting a finger”.

The idea is to invest little pocket of spare change without actually noticing. Over time, regular small investments will become something substantial and cultivate a culture of savings.

Kolobox is simple, easy and free to use. Kolobox offers you a smart new way to save and invest your money while providing you access to unrestricted products usually reserved for High Net Worth Individuals. Whether you are saving towards a car , wedding, Post graduate degree or the future .Kolobox is the right product for you.

You already do everything on your phone (shopping, banking, purchase airtime,) so why not join the future of investing and invest on the go. You can invest and subscribe to products, view your portfolio and performance and even withdraw funds just by using a simple button on your phone.

Competitive Interest Rate- With Kolobox there is no minimum requirement to qualify for competitive and above market interest rates whether you invest N100 or N10,000. You interest starts on day 1.

Transparency: You select the product where you want to invest your funds, you decide your risk appetite and our algorithm recommends products to you on that basis.

Access: Users will have access to products usually restricted to high net worth individuals/commercial institutions and a higher interest rate/return only available to high net worth individuals.

Flexibility: Kolobox portfolio management service enables users to top up and withdraw funds at the touch of a button, making it easier than ever for people

Security: All financial information is encrypted and stored by our banking partner to PCI DSS Level 1 compliant standards.

Charges: Our Service is Free! No hidden cost or charges for deposit or withdrawals.

Emeka come and see your people

I like this. What is the minimum one can invest and what's the duration?

you can invest as low as 100 naira. visit kolobox.ng to sign up

neutralmind:
I like this. What is the minimum one can invest and what's the duration?

Do they have an app ??

Wow! This seems interesting but How legitimate is this please

Lol, I hope this is not another scam... I don't trust all these people at all.. Do they have physical address or office they transact business??

Do they pay weekly or monthly or daily ? I’m not understanding

Hmm

r cancel anytime

Bgdg

Hmmm

Na so

See

Well, good scheme but nothing last... Expect folding-up/liquidation anytime without notice.

.

chidubem93:
Are Millennials and Recent Graduates Planning for the Future?

Study after study confirms that millennials don’t invest they don’t care about their pensions, they aren’t planning for the future and they don’t know how much they need to live on. Millennials are spending their money on possessions, not investments. This leaves millennials in an extremely compromised position because they aren’t investing, and what they do save isn’t yielding the returns required to build meaningful wealth for their retirement

Firstly, it is far from proven that young people are any less good at dealing with their finances than their parents were. It’s certainly harder for them to manage them. Many of those now in their fifties and older had guaranteed “final salary” pensions to fall back on. These did not require any specific action on the part of the employee at all. Simply by working for 40 years, you would end up with an often extremely generous, guaranteed, inflation-proofed pension, which would be paid out to you throughout your retirement. Now, d if you want a decent amount to live on, you will have to take some action steps to secure your future.

You can earn interest by putting money in a savings account, but savings accounts generally earn a lower return than investments. Saving is for short term, investments is for the Future

Over the last decade, Money Market securities have consistently outperformed cash

For example, the average interest rate for a savings product in Nigeria is between 4% and 10%, however in order to qualify for the 10 percent savings – you must have a minimum balance of N5,000,000.

Kolobox is a micro investing platform, which conveniently allow users to invest their “spare change ” by making small, automatic payments into a savings or investment electronic wallet account. Our mission is to help people save or invest money without lifting a finger”.

The idea is to invest little pocket of spare change without actually noticing. Over time, regular small investments will become something substantial and cultivate a culture of savings.

Kolobox is simple, easy and free to use. Kolobox offers you a smart new way to save and invest your money while providing you access to unrestricted products usually reserved for High Net Worth Individuals. Whether you are saving towards a car , wedding, Post graduate degree or the future .Kolobox is the right product for you.

You already do everything on your phone (shopping, banking, purchase airtime,) so why not join the future of investing and invest on the go. You can invest and subscribe to products, view your portfolio and performance and even withdraw funds just by using a simple button on your phone.

Competitive Interest Rate- With Kolobox there is no minimum requirement to qualify for competitive and above market interest rates whether you invest N100 or N10,000. You interest starts on day 1.

Transparency: You select the product where you want to invest your funds, you decide your risk appetite and our algorithm recommends products to you on that basis.

Access: Users will have access to products usually restricted to high net worth individuals/commercial institutions and a higher interest rate/return only available to high net worth individuals.

Flexibility: Kolobox portfolio management service enables users to top up and withdraw funds at the touch of a button, making it easier than ever for people

Security: All financial information is encrypted and stored by our banking partner to PCI DSS Level 1 compliant standards.

Charges: Our Service is Free! No hidden cost or charges for deposit or withdrawals.

No website? Nothing nothing! How are we going to check it out and benefit from it?

How can I sign up?

Hmmmm

S

[quote author=LordPherule post=67259272]How can I

N

GermanMelania:

www.kolobox.ng

Checked... But they fail to mention what there interest percentage look like... Please explain better on interest rate on each investment

I

Wow

And here I was beginning to think it's a crowdfunding platform. It's not a bad concept but what exactly are they investing in and what is the money used for in order to generate such interest?

Meanwhile, you can now join me and Lati in setting up your own profitable subscription-based website and turn it into a quality business. Here's a guide for you https://www.ghavoch.com/setup

This sounds great

GermanMelania:


We currently offer two products; Kolo-flex and Kolo Target

Kolo flex offers 8% APR, funds are not locked and customer can withdraw once every month. Interest accrues daily and you view your investment and interest on your portfolio daily

Kolotarget offers 12%APR, funds are locked for 90days, customers can cancel anytime. Customers will only lose 10% of accrued interest if they cancel.

The 12% is it for the whole 90 days or daily?

1

the 8% or 12% is it for daily or monthly, clear us let's understand u better .

1