Investing in Nigeria is not for the faint-hearted. Anything could go wrong, and this is made even worse with the poorly structured corporate and legal systems.

If you want to invest your money in any business or investment scheme in Nigeria, then you should first invest in your financial education. This is not school talk. This has nothing to do with whether you studied business administration at the university or not. You have to invest in knowing the investment terrain in Nigeria and how it operates.

That said, it is very easy to lose your money while investing in Nigeria. So, the essence of this post is to bring to light some of the types of investments you should avoid as much as possible.

Remember, even though the goal of an investor is to make money, the priority is to keep your capital as safe and as liquid as possible.

Let’s take a look at some types of investments that will likely make you lose money in Nigeria and why you should avoid them.

HYIP

Money Doubling

Financial Trading

Gambling

Cooperative Investments

Cryptocurrency Schemes

They are in different forms:

Cloned Crypto Wallets
Fraudulent Exchanges
Fraudulent Crypto Investments
Crypto MLM Schemes

Conclusion
There are many other ways to lose your investment in Nigeria, but these are the most popular ones.

If you can avoid these 6 types of investments, you would have been better than 50% of investors today.

Read the full article here: https://bizvestor.com.ng/investment/types-investments-lose-money/

Nice one!



Laslasticalala this is front page wordy

Dominique
Mukina2

MickzyDonald:
Gambling isn't a recker unless you choose it to reck you, likewise some others

It is!

I am sure it has recked more than it has made millionaires!

Chairman u are very correct on gambling

They sell u excitement and hope and in the long run,they rip u apart

Gambling is the only venture that you can invest time,effort, dedication, hours and it will not pay off

Gambling is the worst of them all. Very informative posts.

Thanks

Oga which school did you learn all these? Because internet is cheap and google is available you people will just be opening mouth anyhow online. Your investment needs are quite different from other investors. So dont shove your nonsense down peoples throat. So all investors require liquidity. Pele o. Mr. Financial planner