Seeking Your Insight: Stocks Vs. Dollar Savings - Investment - Nairaland
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| Seeking Your Insight: Stocks Vs. Dollar Savings by fxtree: 1:59pm On Jan 11 |
Greetings all. I work in Nigeria but earn in dollars. I have always been reluctant to invest in stocks, as my dollar-denominated salary has significantly hedged me against the constant slide of the Naira. Lately, the thought of diversifying into stocks has been recurring. Will buying stocks be as profitable compared to saving in dollars? I am in for the long run (5 to 10 years). Kindly advise. Thanks. |
| Re: Seeking Your Insight: Stocks Vs. Dollar Savings by MrBroke(m): 8:08am On Jan 12 |
Investing in U.S stocks is a win win cause a positive share price and a positive dollar increment will double your investment. |
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