This week has been all about Crypto Currency and I know there is a lot of uncertainty, especially if you have all your Investments in this currency.
At this moment, there is nothing you can do but wait and hope that it gets better or cut your losses and sell now. However, if you are one of those who invested all you money into Crypto then this must be heart breaking for you.
We preach diversification because of instances like this, be it crypto or the stock market, these Investments are volatile and can rise or drop at anytime. To prevent a devastating situation when you invest, you should consider following the steps illustrated below:
1. Educate yourself on Investment and understand your own finances.
2. If you have a high risk appetite, understand how much you can afford to lose and how much you CANNOT afford to lose.
3. Invest the funds you cannot afford to lose in safe Investments or savings. Eg: Mutual funds, fixed deposits and Rich-Oak plans too. These types of investments go towards your rent and Kids’ school fees, an Investment/savings plan with little or no risk. Yes, the return on Investment might not be a 100% but you will get something extra from that investment and be able to sleep without worry.
4. After your important funds have been secured in safe investments, you can now invest your left over funds in other high risk investments if you have an appetite for this.
Diversification of your funds is very necessary and in doing so, you should pay attention to the risk level of your investment (high or low). This will better guide you in your choice of an Investment plan.
Rich-Oak has great Investment options for you, with good return on Investment. You can start as small as N5,000 towards our Premium Plan or Invest from N50,000 towards our Premium Plus Plan. Visit our website at www.rich-oak.com to know more about our Investment/savings options or call our Customer Service on 09016854815 (Mondays-Fridays, 8:00am-5:00pm).
