The new Director General of the Securities and Exchange Commission (SEC) Lamido Yuguda has resumed work, stating that the capital market has a lot of potentials for growth and development of Nigeria post COVID-19 and beyond.

Yuguda resumed on Monday alongside the Executive Commissioners namely: Reginald Karawusa, Ibrahim Boyi and Dayo Obisan.

The SEC DG said the capital market is a crucial component of any economy, as the SEC over the last two decades has worked with other relevant stakeholders to introduce and implement various initiatives targeted at improving the regulation and development of the market.

According to him, the capital market master plan launched in 2014, has the objective of positioning the capital market for an accelerated development of the national economy.https://kilenra.com/blog/2020/07/06/lamido-yuguda-assumes-duty-as-the-new-dg-of-sec/

The Managing Director/Chief Executive Officer of the Federal Mortgage Bank of Nigeria (FMBN), Mr. Ahmed Dangiwa has said the bank remains optimistic in its push to achieve access to affordable housing for more Nigerians are on course.


This includes the N500 billion recapitalisation; review of the National Housing Fund (NHF) Scheme and FMBN establishment Acts and the overall automation of all FMBN business processes.

Dangiwa, stated this in his remarks to mark the third-year anniversary of the current FMBN executive management team recently.

A statement by the Group Head, Corporate Communications, FMBN, Ahmed Abubakar, quoted him to have said this in a statement.

He noted that while FMBN has in the last three years surpassed all key corporate performance indicators such as the size and speed of mortgage loan disbursements, refunds to retired contributors to the National Housing Fund (NHF) scheme, housing stock construction amongst others, the overall goal was to fundamentally turnaround the bank by increasing the size of its capital, restructuring its legal framework and putting technology at the heart of its operations.

“We are proud of what we have achieved in the past three years. Our performance shows the potential of FMBN to make a difference in affordable housing delivery if properly empowered.

“However, our goal is to leave a legacy of a structurally transformed, financially robust and highly efficient FMBN that is leading in the delivery of affordable social housing to Nigerian workers.https://kilenra.com/blog/2020/07/06/fmbn-reiterates-pledge-to-provide-affordable-homes-for-nigerians/

Where do bitcoins come from?
With paper money, a government decides when to print and distribute money. Bitcoin doesn't have a central government.

With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new currency available at a rate that resembles the rate at which commodities like gold are mined from the ground.

BTC miners, hard work seems to be paying off, with billions of dollars going to their coffers, Data obtained from Glasscode showed that BTC miner revenue (“Thermocap“) is now at $17.5 billion USD.

Mining is the process of adding confirmed transactions to the Bitcoin blockchain. For the resources required to mine, the blockchain network rewards BTC miners via transaction fees and subsidies. Subsidies are paid per block at a current rate of 6.25 BTC. Fees are paid per transaction. 

By mining BTC, you can earn a BTC without having to pay money for such. BTC miners collect BTC as a reward for completing “blocks” of confirmed transactions which are added to the blockchain network.
[url]kilenra.com/blog[/url]

Africa’s richest man Aliko Dangote, president of the Dangote Group; Tony Elumelu, chairman, United Bank of Africa (UBA) plc; and Abdul-Samad Rabiu, chairman, BUA Group, have been featured among the 40 individuals, on the Neusroom 100 project, helping the world combat COVID-19, the common enemy threatening and disrupting activities across the world.
Also listed are Bill and Melinda Gates; Jack Ma, Alibaba founder; Mark Zuckerberg, Facebook CEO; Jack Dorsey, and Thai billionaire Dhanin Chearavanont.
Babajide Sanwo-Olu, Lagos State governor, President Cyril Ramaphosa of South Africa, Andrew Cuomo, governor of New York, Madagascar President Andry Rajoelina, and Chen Chien-jen, ex-vice president of Taiwan, are among political leaders and public servants listed among the 40 individuals.
Each of the personalities and organisations celebrated on the list had a few paragraphs written to spotlight their contributions to the global response to COVID-19.

Sanwo-Olu, who is the COVID-19 incident commander in Lagos, the epicentre of the virus in Nigeria, was described on the list as being pragmatic in handling the outbreak in the state.

“He has been leading a frontline response to the pandemic, sharing factual and relevant updates, calling for lockdown when it was necessary, and delivering stimulus packages to help the residents to cushion the effects of the lockdown,” the report said.

The list which was released recently also include 30 organisations, 20 nations and 10 things.
[url]kilenra.com/blog[/url]

You are what you read, you are what you expose yourself too. You are who you relate with. Do you know you can relate with great business tycoons and have a glimpse of their ideologies by just studying their books Oprah Winfrey, Elon Musk, Warren Buffett and others attribute their success, to a large extent, to their reading habits. Thus, as an investor, you need to make out time to read every single day. It doesn’t matter whether you are an experienced investor or just starting out, these books will help to make better investment decisions.

The Richest Man in Babylon
George S. Clason

This is a classic book written over a hundred years ago by George Clason. The principles outlined in this book can be applied today to achieve financial success. The five basic laws of money as outlined by Clason include:

Savings: You must keep a tenth of your income to yourself. To make this happen, it is best to pay yourself first before you spend.
Controlling your Expenses: This means living way below your means.
Multiply your Gold: Savings is not enough to make you rich. You need to put your savings into investment vehicles to multiple your gold. Also, the book talks about reinvesting the first profits from your investments.
Securing your investment: The lesson is to steer clear of get-rich-quick opportunities.
Invest in a Dwelling: You spend a greater portion of your earnings to pay for a dwelling place (rent). You will save more if you can put up a dwelling place for yourself and your family.
Other principles like self-discipline and gambling were explained in the book. If there is any investment book I will recommend for any investor, it is the richest man in Babylon.
https://kilenra.com/blog/2020/07/03/books-recommended-for-you-as-an-investor/

Kilenra can help !https://www.nairaland.com/5867182/how-kilenra-changing-face-investments

Contact: 08106155905 on WhatsApp for more information.
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It is official that the Eco will replace the CFA franc as the new currency for the eight Francophone countries that form the West African Economic and Monetary Union (UEMOA).

France’s Council of Ministers officially passed a bill earlier this month that ratified the reform of the monetary agreement that bound the French government to the eight member states.

Doing so brought to a close 75 years of rule by the French Republic in which the states had been compelled to centralize — to deposit – their foreign exchange reserves in the Banque de France, otherwise known as the French Treasury.
Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo will now pool their reserves entirely within the Central Bank of West African States, or BCEAO.

The Eco will remain pegged to the Euro and will be backed by the French Treasury. The euro will guarantee the Eco’s convertibility and stability, with the Treasury remaining as guarantor for all eight UEMOA states.

The Eco will have a fixed exchange rate of 655.957 to the euro.

The CFA franc, or Communaute francaise d’Afrique, has been in use since 1945 and was created in the wake of the weakness of the franc after World War II. Initially tied to the franc, it has been linked to the euro since that currency’s inception.
https://kilenra.com/blog/2020/06/24/what-do-you-know-about-the-eco-currency/

As stock values rise and fall during the coronavirus crisis, advisors to the world’s wealthy are urging them to buy more gold. The move raises questions about the strength of the world’s financial markets and the long-term effect of huge spending from central banks.

Before the COVID-19 crisis, most private banks suggested that their clients hold none or just a small amount of gold. Now some are moving up to 10 percent of their clients’ financial holdings into the valuable metal.

In India, (a country that treasures Gold more than anything else), for example, Gold price has gained about 20% since the beginning of 2020.  In the thinking of one Indian fund manager, Chriag Mehta, who works at Quantum Mutual Fund, “Globally real interest rates have turned negative. The devaluation of various currencies has reduced purchasing power. This together with trade-related tensions among the US and China should support gold prices”. In Nigeria, the story is largely the same even though Nigerians are not as obsessed with Gold as Indians. But as a safe haven for investment protection and income generation, Nigerians seem to be flocking to Gold Etf in droves.



A look at the recently released NAV Summary report by the Security and Exchange Commission, SEC, for the week of June 5th 2020, indicates that New Gold ETF’s Net Asset Value increased by 144% during the first week of June, 2020 from N1.126 billion to N2.747 billion.  https://kilenra.com/blog/2020/06/23/world-wealthiest-look-towards-investing-in-gold/

President of Dangote Group, Aliko Dangote, has said that despite the challenging economic situation in 2019, Dangote Cement was able to sustain 54,000 jobs in four African countries, where the company has its operations. The countries are Nigeria, Ethiopia, Senegal, and South Africa.

The business mogul told shareholders at the company’s 11th Annual General Meeting in Lagos that more jobs would be created as the company intensifies export of clinker to other neighbouring countries from Nigeria.

“According to our 2019 socioeconomic impact assessment study specifically on our operations in Nigeria, Ethiopia, Senegal, and South Africa, we sustained 54,005 jobs (direct, indirect, induced) in these four markets in the year under review,” he said.

Dangote Group is the highest employer of labour in Nigeria outside the Federal Government, and with its refinery project coming up, the company will have more than 100,000 Nigerians under its employment.
Recently, Godwin Emefiele, governor of Central Bank of Nigeria (CBN), while lauding Dangote’s investment drive, said he was excited with the progress made at Dangote Refinery and Petrochemical plant so far, and that when it becomes operational, the refinery and petrochemical plant would increase its workforce from the current 34,000 to over 70,000
https://kilenra.com/blog/2020/06/22/dangote-is-the-highest-employer-of-labor-in-nigeria-after-the-federal-government/

Self-made billionaire and Microsoft co-founder Bill Gates doesn’t recommend many business books.

“In my experience, it is rare to find one that really captures what it’s like to build and operate an organization or that has tips you could really put into practice,” he writes on his blog, GatesNotes.

But there’s a new business book that, unlike most others, is actually worth your time, he says: “The Ride of a Lifetime” by former Disney CEO Robert Iger. Gates has already suggested the 2019 memoir to a handful of friends and colleagues, including current Microsoft CEO Satya Nadella.

Iger, who took over Disney in 2005 and retired in 2020, “does a great job explaining what it is like to be a CEO,” writes Gates. He’s “able to take you inside the workings of a massive media company and show how he thought about building on its strengths and shoring up its weaknesses.”

Even if you don’t have any interest in the business world, it’s entertaining and worthwhile, he adds. “I think anyone would enjoy this book, whether they’re looking for business insights or just want a good read by a humble guy who rose up the corporate ladder to successfully run one of the biggest companies in the world.”

While Gates praises it as “one of the best business books I’ve read in several years,” it’s not his No. 1. His all-time favorite remains “Business Adventures” by John Brooks. “Whenever someone asks me to recommend one book on business, that’s the one I suggest most often,” Gates says.

A lot has changed in the business world since the 1960s, when the book was originally published, but the fundamentals of building a strong organization have not, says Gates.
https://kilenra.com/blog/2020/06/20/which-book-bill-gates-wants-you-to-read/

Nigeria has raised N162.56 billion to help finance infrastructure projects through the sale of Islamic bonds to local funds and insurance companies, the Debt Management Office (DMO) said.


The government had planned to sell N150 billion of the sukuk in its third outing, the DMO said, but it increased the size of the offer after it received a more than four-fold subscription.

According to Reuters, the agency said it expected to issue more bonds to improve infrastructure and plans to use the proceeds of the sukuk sale to finance 44 road projects across Nigeria.

It did not give the maturity or the yield for the naira-denominated bonds.


Africa’s biggest economy had a series of debt issues lined up this year before the new coronavirus pandemic triggered a plunge in oil prices, Nigeria’s main export, forcing the government to shelve foreign commercial borrowing.

The government is now tapping domestic markets and concessionary loans to help fund its 2020 budget deficit which has been worsened by lower oil prices that have slashed revenues and weakened the naira currency.
[url]kilenra.com/blog[/url]

Investments are generally classified into three major categories: stocks, bonds and cash equivalents. Here are six types of investments you might consider for long-term growth.

1. Stocks

A stock is an investment in a specific company. When you purchase a stock, you’re buying a share — a small piece — of that company’s earnings and assets. Companies sell shares of stock in their businesses to raise cash; investors can then buy and sell those shares among themselves. Stocks sometimes earn high returns, but also come with more risk than other investments.

How investors make money: Stock investors make money when the value of the stock they own goes up and they’re able to sell that stock for a profit. Some stocks also pay dividends, which are regular distributions of a company’s earnings to investors.

2. Bonds

A bond is a loan you make to a company or government. When you purchase a bond, you’re allowing the bond issuer to borrow your money and pay you back with interest.

Bonds are generally considered safer than stocks, but they also offer lower returns. The primary risk, as with any loan, is that the issuer could default. U.S. government bonds are backed by the “full faith and credit” of the United States, which effectively eliminates that risk. State and city government bonds are generally considered the next-safest option, followed by corporate bonds. The safer the bond, the lower the interest rate.

How investors make money: Bonds are a fixed-income investment, because investors expect regular income payments. Interest is generally paid to investors in regular installments — typically once or twice a year — and the total principal is paid off at the bond’s maturity date.
[url]kilenra.com/blog[/url]

Oyo state government has received medical equipment worth N220 million from the Coalition Against COVID-19 (CACOVID), a private sector initiative supporting Federal Government and state governments in fight against COVID-19.

CACOVID had earlier promised the state N220 million worth of medical equipment and a cash gift of N30 million.

The private sector-driven CACOVID, which is in partnership with First Bank of Nigeria to the state government include, lead ECG electrode, heavy duty apron, autoclave, auto syringe pump, biohazard bag, blood warmer, centrifuge (refrigerator), defibrillators (AED) and portable ultrasound imaging.

Some other equipments donated are mobile digital x-ray unit, face shield, protective goggles, hospital gowns, oxygen cylinders, wheelchairs, oxygen concentrator, oxygen regulators, nebuliser, kidney dish, patient multiparameter monitor, stretcher and suction devices, among others.
https://kilenra.com/blog/2020/06/07/oyo-receives-n250-million-cacovid-support/

Many lessons have been learnt during the lock down. A strong one is the need for passive income. Income that comes without much of your activity, prescence and attention. Here's an article to support this.
https://kilenra.com/blog/2020/06/05/understanding-passive-income-nigeria-africa/

Serial digital entrepreneur and Chairman of Zinox Group, Leo Stan Ekeh, says Nigeria can turn the poor, nomadic children popularly called Almajiri into millionaires, employers of labour or even employable citizens if a digital solution is applied to address their peculiar plight.

Ekeh, who delivered workable solutions to the age-long Almajiri issue, which government appears yet to find a fitting solution to, spoke as one of the panellists at the Africa Independent Television (AIT) Virtual Town Hall Forum with the theme: The Economic Implications of the New Normal Post-Covid-19 – Anticipated Revolution in Digital Economy, Business Re-Engineering, Government, Trade and Effects on Global Economic Recovery.

Speaking on the impact of COVID-19, Ekeh said one of the major classes of Nigerians negatively affected by the pandemic were the Almajiri who have been tossed from state to state like articles of trade nobody wanted to buy.

A 2014 UNICEF report estimated that there are 9.5 million Almajiri children in Nigeria, which accounted for 72 per cent of the nation’s out-of-school children. Nigeria is estimated to currently harbour between 13.2 million and 15 million out-of-school children, most of them in the North.

However, Ekeh held that with a digital approach, the potential in these Almajiri that nobody wanted to have anything to do with, can be converted to treasures of gold in the vastly growing digital economy because they are young, brilliant with huge doses of energy.
[url]kilenra.com/blog[/url]

What is Real Estate?
Real estate is a landed property (Which can either be bare lands or buildings on land) or a conglomerate of landed properties. While real estate business is the art of purchasing, selling or renting a landed property, building, home or land. Real estate agents help landlords, businesses and investors trade all four types of properties.

The real estate business can be further divided into parts like residential and commercial properties, loan servicing etc. residential real estate can include bare lands, houses, condominiums, and townhouses; commercial real estates include warehouses, office buildings and retail store buildings; industrial real estate include mines, farms and factories.

Real Estate in Nigeria
Real estate in Nigeria is a very important business. The industry has become a cash cow in recent times although this has stood the test of time, and many smart entrepreneurs have given it much consideration thereby making unbelievable yields of profit.

Nigerians are always clamoring for residential apartments, office buildings, and commercial outlets. They desire to purchase or rent buildings and structures of their choice, and they in most cases need to consult real estate agent or expert before taking concrete actions.
[url]kilenra.com/blog[/url]

Mouth-watering Ways of Investing in Real Estate in Nigeria

According to Millionacres, there are several ways to invest in real estate, each with different capital requirements, risk levels, and investment dynamics. Let’s dive in!

Buy a rental Property
This is one sure way of making monthly or yearly income in Nigeria. It is not enough to buy a home and that’s the end. This is a much wiser alternative to buying a house, especially when there is not enough money to maintain it.

The trick is this, buy from areas with high rent and lower tax payment than the rent. An example is buying a property in the Island part of Lagos Nigeria, such as Lekki, Victoria Island, Ikoyi and the like.

However, there are two downsides to owning such a property, one of which is paying a lot of cash upfront before purchase and after (when it comes to maintenance).

The other aspect is having to deal with tenants. If you are new to this, you will come across different tenants, which you must screen. Some would wear you out with stories that touch others may not. If. However, you are the type that yields to people easily, you may want to outsource these aspects to a property management service.

Thus, depending on who you partner with, rental properties are really lucrative and can serve as a form of semi-passive income.

Practice house hacking
You may be wondering, what is house hacking. Wonder no more! House hacking is a real estate investing strategy, which according to Fortune Builders, helps investors earn rental income by renting out their primary residence.

How is this done practically you ask? Now, let’s say you have a duplex, you can rent out one of the units while you stay in the other unit.

This is an easy way of making cool cash you don’t want to sleep on. It reduces housing cost, gives you flexible options, helps you learn how to be both a landlord and property manager easily and helps you grow your wealth passively.

Try house Flipping
Perhaps, you’ve also not heard of house flipping. Let’s assume you have.

House flipping is a real estate investing strategy of buying a property. It involves applying some fixes to an old property and putting it back on the market. When done right, house flipping can be very profitable. One tested and trusted method to house flipping success, is applying the 70% rule.

https://kilenra.com/blog/2020/05/27/real-estate-investment-in-nigeria/

https://kilenra.com/blog/2020/05/29/understanding-eurobonds-nigeria-west-africa/


Eurobonds are bonds that are denominated in a currency other than that of the issuer.

In the case of FGN 6.75% US$500 million January 2021 eurobond, for example, it is a bond issued by the Federal Government of Nigeria in Nigeria but denominated in US Dollars. Those who buy it, buy in Dollars and the interest and principal repayment are conducted in US Dollars.

As can be noted from the above example, eurobonds are not necessarily denominated in Euros as the name implies. Actually, bonds denominated in US Dollars are better known as Eurodollar bonds, while those denominated in Japanese Yen are called euroyen bonds, but eurobonds have come to be generally associated with bonds denominated in currencies other than that of the issuer.

The presidency on Thursday rolled out a long list of President Muhammadu Buhari’s achievements in various facets of Nigerian life in the last five years. Buhari, who came to power on May 29, 2015 for a first four-year term, won a second four-year in 2019 and was sworn in again on May 29, 2019.
Femi Adesina, presidential spokesman released a fact-sheet of the achievements of the president in five years, said though the lofty goals are yet to be achieved, work is in progress.

“Between May 29, 2015, when it was inaugurated for the first term, and now, the Buhari administration has made salutary impact in almost all the facets of Nigerian life,” he said in a statement.

“The government swept into office on the wings of change, and that change has been wrought in nearly all phases of national life. Where the lofty goals are yet to be attained, it is work in progress, and eyes are firmly fixed on the ball. No distraction.

“The three umbrella areas on which government based its interventionist agenda are: security, reviving the economy (with particular emphasis on job creation, especially for youths), and fighting corruption. In these three areas, where we are today cannot be compared with where we used to be.
https:///3dezuNV
[url]kilenra.com/blog[/url]

Nigeria is experiencing an increase in the use of Cryptocurrencies. Many Nigerians and Africans as a whole have been forced to stay in their respective homes due to the Covid 19 pandemic, but it doesn't stop many ambitious individuals from finding alternative sources of income.

Cryptocurrencies are digital assets, digital properties, software money and to an extent make up Investments portfolio of individuals.

Does Cryptocurrency have a place to stay in Africa?
Maybe yes, maybe no. African currencies don't have a fixed valuation. They tend to be volatile and can be affected by any unpredictable event in the forex market. Cryptocurrencies can also be affected as well but they can easily be discerned when their charts are diligently studied.

International money transfers might not be easy due to the bureaucracy and many middle men in the local market. On the other hand, most Cryptocurrencies are fungible (can be shared) easily, no middle man or service charges.

Cryptocurrencies have come to stay [url]kilenra.com/blog[/url]

Children’s Day is an event celebrated in many places around the world. The holiday is simply set to honour children and minors.

The International Children’s Day had its origin in Turkey in 1920 (April 23, 1920) and later in the World Conference for the Well-being of Children in Geneva, Switzerland in 1925.

Children’s Day was first celebrated worldwide in October 1955, under the sponsorship of International Union for Child Welfare in Geneva.

The idea of a Universal Children’s Day was mooted by Rubab Mansoor grade 8 and adopted by the United Nations General Assembly in 1954.

First proclaimed by the United Nations General Assembly in 1954, it was established to encourage all countries to institute a day, firstly to promote mutual exchange and understanding among children and secondly to initiate action to benefit and promote the welfare of the world’s children.

It was also chosen as the day to celebrate childhood. Generally, children get all excited and eagerly await the day.

All the local schools go to their local stadium where each school has a special march which they perform.

The school with the best marching performance wins the honour for that year.

May 27 is traditionally the Children’s Holiday in Nigeria. First established by the United Nations in 1964, the day remains important in the lives of many Nigerian kids.

https://kilenra.com/blog/2020/05/27/history-of-childrens-day-celebration-in-nigeria/

Is Forex Trading Legal in Nigeria?
It is clear that Forex trading is legal in Nigeria if you trade your money for your personal benefit alone. This mirrors retail trading regulations in most countries. Raising capital from third parties for their benefit without a proper license to do so is illegal and, tempting as it may be, can get you into trouble if the third parties become dissatisfied and complain. Forex trading where you are managing other people’ money is extremely challenging psychologically. For these reasons, please trade only with your own money where losses are not catastrophic to your ability to pay your essential costs of living.

[url]kilenra.com/blog[/url]
[url]kilenra.com[/url]

We should think Investments. Investments give you the opportunity to own a company without creating one. It makes you a partner and gives you the feeling of a business owner.


Kilenra can help you invest your capital in profitable systems that garantee you consistent and secure passive income.


Here is a list of Investment Opportunities in Nigeria

1. Bank Investments
It is almost impossible to discuss investment opportunities in Nigeria without making reference to bank wavings. Potentially, each bank has a savings or investment platform open to her customers to encourage reliability. If you are looking to grow wealth, you might consider bank investments. Some of these banks offer between 10 and 15% annual interest. [url]kilenra.com[/url]

2. Cryptocurrency and Blockchain Investments
Cryptocurrency is acknowledged as one of the biggest and riskiest investment opportunities in Nigeria. Beyond Nigeria, cryptocurrency is driving the financial technology and digital transaction space.

Buying cryptocurrencies such as Bitcoin, Litecoin, and the rest is a rewarding investment opportunity to consider all you have extra cash.

If you already know how cryptocurrency works, that’s remarkable. If you do not, however, it is recommended you consult a professional.

cryptocurrency investment opportunities in Nigeria

3. Real Estate Investments
Investing in Real Estate in Nigeria has proved lucrative and profitable over a period of time. To successfully sail through this, however, you’ll need to possess high capital.

Several Nigerians face accommodation issues. Tapping into this pain point provides an array of options available in real estate. You could consider leasing out for commercial purposes like conferences, seminars, and public functions. Investing in real estate, especially in commercial parts of the country, attracts high returns.

Real estate investment opportunities in Nigeria

4. Agriculture and Livestock Investments
The agriculture industry is integral to the growth and development of the Nigerian economy. In a bid to diversify, the government is making conscious efforts at resuscitating the industry – hence, the attraction for investors.

If you are not interested in direct farming, you can invest in a company that makes its profit on livestock farming.


5. Bonds and Stocks Investments
Investment in bonds provides a different perspective from private and commercial operations. The Federal Government is responsible for introducing investment opportunities to Nigerians. For FGN Bonds, the interest rate is usually as juicy as 13% – which makes it a relatively better option against private investments.

[url]kilenra.com/blog[/url]

Investing is an intimidating, but necessary, pursuit.

Despite being one of the pillars of building wealth , too many people avoid the investments because it's unfamiliar. Others approach it overconfidently, which isn't good either.

On top of it, we all have biases and emotions that make managing money that much harder. Often our beliefs about money can lead to misperceptions that hamper our ability to achieve financial success.

Below, five lies you should stop telling yourself about investing if you want to build long-term wealth.

1. I don't know what I'm doing

You don't have to be a stock-picking genius or financial whiz to invest. You really just need to know what goals you're investing for and how much risk you can stomach.

If your investing knowledge ends at stocks and bonds, don't worry. There are loads of cost-effective online investing services, like kilenra [url][/url] , that will show you the ropes and help you create a custom portfolio that aligns with your goals.

If you're investing for retirement through an employer-sponsored plan, set up a meeting with the plan administrator or financial adviser to ask questions. Your knowledge is only limited to your desire to seek out answers.


2. I don't have enough money

OK you might not have enough money to invest if you aren't maintaining an emergency fund with three to six months worth of expenses in cash or if you're paying off a lot of high-interest debt .

But if you think you don't have enough money to invest because your net worth isn't six or seven figures and you aren't flush with cash, you're mistaken. All it takes is a few thousand of naira, if that, to get into the market.

"The landscape has improved immensely just over the last decade for small investors with the proliferation of exchanged-traded funds (ETFs)," Christine Benz, director of personal finance at Morningstar, told Business Insider.


3. It's not the right time

Face it: You'll never win if you try to time the market. Most of the biggest opportunities to make money in the forex market happen without warning. If you're waiting on the sidelines for the "best" time to invest your extra cash, you're missing out on all the potential growth in the meantime.

"Cash isn't going to provide you with enough growth opportunities long term and the best opportunities you'll have at market growth is by being in the market," says Andrew Westlin, a certified financial planner at Betterment .

"In hindsight, we can always look back and see, 'Oh if I had waited a week, if I had waited a month, would I have better returns?' but none of us have that [ability to go back]. Just having the opportunity for market growth is what is most important," Westlin says.

4. There's too much risk

Investing in the forex market is risky. You're loosening your grip your money in order to (hopefully) multiply it. But rest assured: There are ways to reduce your overall risk and still produce a return.

"The things you can control are the risk level you invest at, the fees you pay, the level of diversification you take on those are all the big ones," Westlin says. "You can invest more successfully when you align your risk level of that investment with the time horizon that you have to save."

One way to do this is through a target-date fund, Benz says. This type of all-in-one fund has built-in safeguards that minimize risk by automatically shifting to a more conservative allocation as you get closer to retirement.

"I always say to investors: If there's a chicken way to do almost anything, think about doing that. So think about dollar-cost averaging to avoid that whole idea of what, in hindsight, might not have been the best time to invest [with a lump sum]," Benz says.



"If you can minimize the hindsight and second guessing that you might otherwise do, that can go a long way in keeping you on board with the plan," Benz says.

5. I don't want to settle for average returns

If you're constantly running after the lastest stock tip that promises to make you rich, you'll probably wind up disappointed, or else just spending way too much time tinkering with your investments.

But when it comes to building long-termwealth through investing, average is exactly what you should aim for , according to financial expert Ramit Sethi.

"You should just match the market because over the long term, the market returns typically about 8% 8% is awesome, 8% is amazing. Eight percent lets you double your money every roughly, 10 years or so, right?" Sethi says.

The simpler and more streamlined your investments, the better, Sethi says. [url]kilenra.com[/url]

Kilenra
...Improving lives and transforming Africa.

Kilenra is one of the leading investment platform in Africa which handles mouth watering investments in Nigeria and beyond.


We are an investment company whose aim is to prosper Africa with impact driven opportunities, making investing worthwhile again for everyone with our easy to use and highly rewarding platform.


INVESTMENT deals with Money Market-Fund, Real Estate, Agriculture, and General Merchandise.

Kilenra offers you instant access to very secured and profitable Investments - All in one place that allows your money to work for you while you FOCUS on your pursuits.


Our Mission

Our Mission is to provide impact driven opportunities for people to increase their finances and contribute to economic growth.


We support SDGs in Africa and Beyond
Kilenra provides people with impact-driven opportunities to increase their finances, contribute to economic growth, and become key players in the achievement of the Sustainable Development Goals.

Our goal is to inspire Africans by creating opportunities that everyone can participate in, and that will have a profound net-positive impact on the economy. We connect you to impact-driven opportunities with higher returns.


Our Team

We are a team of passionate men and women between the ages of 20 and 40 who have come from the field of Real estste, finance, agriculture, and technology sector. Our goal is to get your money working hard for you, everyday.

Kilenra.com
https:///2348106155905

While many schemes exist to help individuals make money online, making money online in Nigeria, make money online, making money online in Nigeria without investment, how to make money online in Nigeria as a student, Making money from home, passive income streams and many more are common search options on the internet.

Kilenra investment limited is an opportunity to help people understand that money is not made but controlled. To do this, it gives a rare privilege to have passive income accrued to fixed income. Kilenra investment limited trades with individual capital or savings and guarantees a monthly 20% returns on investments for the fearless investors and a sizable return to the up and coming investor so in the long run, everyone wins!

More specifically, with the Kilenra website, there is a reduced minimum amount of investment. Investors just sit and expect alerts after every 25 working days of a booked investment.


Kilenra Investment Limited operates with their involvement in National treasury bills, Global Forex trading, Real estates and Rent. It also doubles as an all-in-one investments marketplace where you can access wide range of investment options from reputable investment companies and brands like MeristemNG, AfrinVest, United Capital Plc, ARM, Citi Trust Investment Ltd., StanbicIBTC Asset Management, Peninsula Asset Management, Lotus Capital, FBN Capital and Wales Kingdom Capital


As an Online Investing platform, Kilenra invests in sectors that provide long-term returns and have the ability to prosper Africa with impact driven opportunities, making investing worthwhile again for everyone with our easy to use and highly rewarding platform.


INVESTMENT deals with Money Market-Fund, Real Estate, Agriculture, and General Merchandise.

Kilenra offers instant access to a very secured and profitable Investment, all in one place that allows money to work for you while you FOCUS on other things. To do this, Kilenra's mission is to provide impact driven opportunities for people to increase their finances and contribute to economic growth by supporting SDGs in Africa and Beyond. Kilenra also provides people with impact-driven opportunities to increase their finances, contribute to economic growth, and become key players in the achievement of the Sustainable Development Goals while improving lives and transforming Africa. The goal is to inspire Africans by creating opportunities that everyone can participate in, and that will have a profound net-positive impact on the economy and connect individuals to impact-driven opportunities with higher returns.