Outside Mutual Funds, every time you invest, you're practically playing a game of chance. Warren Buffet says, Great companies are always going to be here. So before investing in a tech company or any company at that, you have to do your due diligence. Find out which problems in Nigeria are suddenly being solved and look at the companies solving them. That's one way to go about it.

Right now, there's a lot of work going on in the renewable energy sector. Lots of interesting companies like Daystar Power, Mobile Power and Okra Solar have just raised series A and have proven hardware technologies that are game-changers. The trick is finding out which companies are doing great work and monitoring their progress until an opportunity arises to invest.

But crypto is an absolute NO NO. Unless you don't mind all your capital vanishing and have a huge risk tolerance. Anyway, maybe 3-5% of your budget could be allocated to high-risk, high-reward vehicles. But limit your exposure.

CountVersailles:

Early investing in technology companies is a game of chance. Some never take off and you lose it all. That Figma became successful is no guarantee it works all the time, and finding that technology company is like fishing in the dark. I've been there, so I know. I'm better off buying crypto right now than buying into early start-ups.

Whatever you do, you want to diversify and not put everything into one investment vehicle. Commit around 30-40% in something safe like Mutual Funds. Mutual Funds are essentially risk-free investment because it's mostly invested in T-bills and other AAA-rated companies. So try a mutual Fund provider like SFSFund.ng who offer up to 10% returns and allow you remove your money anytime without any charge. Plus you still earn your interest.

Next you can commit another 30% investing in Nigeria's technology ecosystem. There are a lot of upsides if you can get in early investing in good tech startups. Figma has just been acquired by Adobe in a $40bn deal at $40 per share. Investors who got in early at $0.088 per share have earned a staggering 454%. If they had invested as little as $5000 then, their money would be worth over $270k. So investing in technology companies is a good plan.

Lastly, invest in something that can give you access to cash. Think about a small distributorship or retail outlet. That way, you have safe investments, investment in good companies and an investment that you liquidity.

If I have between N5,000 to N1,000,000. What do you advise I invest it in?