Dumebi.Okonji

I stood up and began to pace back and forth, I hated being idle and the way things were going, nothing was looking promising. I paused to think for a second and then I walked towards my friends. “I think we should go into farming for a while, at least until we get reasonable employment offers or what do you guys think?” Shola burst out laughing to my utter amazement, “Ekene, are you sure everything is okay? How are we supposed to get money to start farming? Or haven’t you been hearing all I have been saying? We all only have NGN50,000 each” he said. Many Heads are Always Better Than One, Right? “Relax guys I have a plan, Mr. Akerele the Agric teacher told me he has some plots of lands he can lease to us for just NGN10,000 per year and there is even an abandoned fish pond there. All we have to do is split the actual farming cost. At least we have saved NGN50,000 each from our hustles, we can get other people involved and start this business and share the profit based on our contribution” I said. Finally, they became interested. Team Work Makes The Dream Work! Oh Yeah! Yemi drew his chair closer, “this makes a lot of sense oh, you know I studied Crop Protection and Production, finally I can put it to use by being in charge of this”. Shola rolled his eyes; “Ogbeni! Quit consoling yourself, there is no hope for that course. Please let me get a pen and paper so we can plan this thing properly”. Yemi threw a ball at him which landed on his head with a loud thud as he stood up to leave. My friends and I started the farming business alongside three other ex-corp members. It turned out to be a really lucrative one, and the best part of it was that every one of us got to oversee the type of farming that we really had an interest in. Yemi was in charge of Fish Farming, Shola and I planted crops, the other corps members; Leke and Niyi were in charge of poultry farming and at the end of the day, we all shared our proceeds based on our capital. In the beginning, I definitely could not afford to own this farm, even though it had been a lifelong dream, but with the help of my friends and our contribution towards it, we were all able to make a profit and share. Okay, Nice Story But How Does This Relate To Mutual Funds? Just like Ekene and his friends, mutual funds give you and a whole lot of other individuals like you who do not have the capacity for sole investment, an opportunity to contribute various small amounts that you can afford and put them in the stock market or money market. Variety Is The Spice Of Life. The interesting thing about mutual funds is the variety of investments that are open to you. Remember how Ekene and his friends were able to invest in fish, poultry and crop farming all at once. With mutual funds, you can invest in various profitable companies and markets to minimize your loss. Also, your investments are being managed by a professional fund manager so you can go to bed with your eyes closed, just the way Yemi was in charge of collective farming. What Makes This Plot of Land So Fertile? Basically, there are a lot of platforms offering you the opportunity to invest in mutual funds. Here are reasons why you should choose Cowrywise: Unlike others who offer rates between NGN5,000 to NGN10,000, you can invest in mutual funds with as low as NGN100. Yes! That's right, and you can do this all from the comfort of your home via the Cowrywise mobile app. Think back, you'll realize that Mr. Akerele previously had a fish pond which made it easy for the guys to choose Fish Farming? Yes, we already put together a risk assessment to help you pick the best fit funds based on your investment portfolio and your risk appetite. Whew! I Cannot Wait. How Do I Start Investing? New users will have to signup and verify their email. If you're an old user, all you need do is log into your updated app here and do the following: On your dashboard, scroll down and click on “Invest In Mutual Funds”. Get started with the risk assessment. Based on your risk appetite, you’ll get a list of “Recommended Funds”. You can check out other funds if you wish but we advise that you go with funds recommended for your risk appetite. Now that was easy, wasn't it? Welcome onboard!!!