₦50,000 Can Give You 390 Units Of Zenith Bank Shares. Here's How ⬇️ - Investment

₦50,000 Can Give You 390 Units Of Zenith Bank Shares. Here's How ⬇️ - Investment - Nairaland

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₦50,000 Can Give You 390 Units Of Zenith Bank Shares. Here's How ⬇️ by meeketta(op): 5:50pm On Jun 08

₦50,000 Can Give You 390 Units of Zenith Bank Shares.

Here's how ⬇️

You really don't need millions to start your investment journey.

Although ₦50,000 might seem like a lot of money to some people, it's not a must that you start there.

The Nigerian stock market operates in a way that even with as little as ₦1,000, you can start investing in major companies.

You don't need a lump sum to start.

But if you have at least ₦50,000, then you should know that it can buy you approximately 390 units of Zenith Bank shares. That automatically makes you a shareholder of the company and an investor.

As the company grows, your money grows too.

My Zenith Bank stock has gained over 100% within the last six months.

I bought when it was selling for ₦63 per share earlier this year. As of today's market, Zenith Bank shares are selling for about ₦128 per share.

That means a gain of ₦65 per share.

A 100% increase on ₦63 would be ₦126, so at ₦128, the return is slightly above 100%.

And the truth is, I didn't start with a huge amount. I started small and grew over time. Today, I have a good stake in Zenith Bank.

Earlier in May, Zenith Bank paid a dividend of ₦11 per share.

I know how much I received.

You might wonder why I'm telling you this.

This is simply to encourage you to start investing in the stock market instead of keeping your money idle in a savings account while inflation gradually reduces its value.

Today, everyone has direct access to the Nigerian stock market. You can buy and sell stocks of your choice without any restrictions.

This is what many people don't know.

I made a post recently about how the NGX has delivered over 340% growth within the past three years.

That means if you had invested ₦100,000 in a company that eventually delivered a 340% return, your investment would have grown to approximately ₦440,000.

That's ₦340,000 in profit plus your original ₦100,000 capital.

And that's excluding dividends if the company also pays dividends.

₦100,000 became over ₦400,000.

Now imagine investing ₦1,000,000 in a stock that delivered the same performance.

Your investment could have grown to approximately ₦4.4 million.

Again, that's excluding dividends.

This is not a get rich quick scheme.

It is strategic investing, something many wealthy people understand and use to build long term wealth.

Not everyone is rich, but almost everyone earns something.

From that little you earn, you can set aside a portion, invest consistently, and grow your wealth over time.