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Advice Needed - Investment - Nairaland

Nairaland ForumNairaland GeneralInvestmentAdvice Needed (500 Views)

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Advice Needed by marvis5(op): 8:22am On Mar 29, 2016
I'm a 19 years old 100 level student, I have a business and i have an extra 700k I'm divided between buying a car or investing on something else, I need your advice please.
please note:- I'm schooling
Re: Advice Needed by wescoboy: 8:58am On Mar 29, 2016
marvis5:
I'm a 19 years old 100 level student, I have a business and i have an extra 700k I'm divided between buying a car or investing on something else, I need your advice please.
please note:- I'm schooling
Car is not an asset. say No to a car and invest in stocks or Government Bonds. Get a reliable stock Broker to do that for u. By the time u are done with schooling, u are already a multi-millionaire. Goodluck!
Re: Advice Needed by Ask4Info: 10:25am On Mar 29, 2016
marvis5:
I'm a 19 years old 100 level student, I have a business and i have an extra 700k I'm divided between buying a car or investing on something else, I need your advice please.
please note:- I'm schooling
No matter where you are located in Nigeria, I will advice you divide the money into 3 and spend it accordingly:

buy a land (either direct from the genuine land owners or a trusted property company).

Buy Stocks (shares). Register with a genuine stock broker and buy trusted shares like (Zenith, First Bank, Cadbury and others.

SAVE THE REST.


NEVER EVER SPEND FOR THE IMMEDIATE AND EVENTUALLY SUFFER LATER. DON'T ALLOW PEER PRESSURE AND SOCIETAL MOCKERY ABOUT YOUR FINANTIAL STATUS PUT YOU ON UNNECESSARY PRESSURE.

YOU ARE STILL VERY YOUNG AND NEED TO START PLANNING YOUR FUTURE.
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