Jump to content
Nigerian Investment Community


  • Content Count

  • Joined

  • Last visited

Community Reputation

0 Neutral

About Esther.Dumbiri

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. If you haven’t heard, universities around the world are offering their courses online for free (or at least partially free). These courses are collectively called MOOCs or Massive Open Online Courses. 200 universities, including Harvard, Stanford and the University of British Columbia have announced 600 such free online courses. The list has been categorized according to the following subjects: Computer Science, Mathematics, Programming, Data Science, Humanities, Social Sciences, Education & Teaching, Health & Medicine, Business, Personal Development, Engineering, Art & Design, and finally Science. Many of these are completely self-paced, so you can start taking them at your convenience. Some of the courses includes Business Start–Up: From Idea to Launch from IOC Athlete MOOC Grant Writing and Crowdfunding for Public Libraries from University of Michigan Risk and Return and the Weighted Average Cost of Capital from Columbia University Federal Taxation I: Individuals, Employees, and Sole Proprietors from University of Illinois at Urbana-Champaign E-Commerce from Peking University Microeconomic Principles: Decision-making Under Scarcity from Arizona State University Trade, Immigration and Exchange Rates in a Globalized World from IE Business School Long-term Financial Management from University System of Maryland Corporate Social Responsibility (CSR): A Strategic Approach from University of Pennsylvania Personnel Management for Public Libraries from University of Michigan Accounting for Decision Making from University of Michigan Valuing Companies from University of Michigan Budgeting and Finance for Public Libraries from University of Michigan Strategic Business Management – Microeconomics from University of California, Irvine Strategic Business Management – Macroeconomics from University of California, Irvine Introduction to Business for Analytics from Georgia Institute of Technology The Free Cash Flow Method for Firm Valuation from Columbia University Introduction to Corporate Finance from Columbia University Formal Financial Accounting from University of Illinois at Urbana-Champaign Entrepreneurship I: Principles and Concepts from University of Illinois at Urbana-Champaign Global Impact: Cultural Psychology from University of Illinois at Urbana-Champaign Marketing in an Analog World from University of Illinois at Urbana-Champaign Modern Empowerment in the Workplace from The Open University Managing Public Money from The Open University Introduction to Accounting from The University of British Columbia Organizational Behaviour from The University of British Columbia Business Foundations from The University of British Columbia Marketing Analytics from University of Virginia Entrepreneurship for Global Challenges in Emerging Markets from Delft University of Technology From Brand to Image: Creating High Impact Campaigns That Tell Brand Stories from IE Business School Entrepreneurship Strategy: From Ideation to Exit from HEC Paris Financial Management in Organizations from University System of Maryland Financial Accounting for Corporations from University System of Maryland Financial Decision Making from University System of Maryland First Steps in Making the Business Case for Sustainability from University of Colorado System Sustainable Business: Big Issues, Big Changes from University of Colorado System Six Sigma Principles from University System of Georgia Six Sigma Tools for Improve and Control from University System of Georgia Asset Pricing from University of Chicago Booth School of Business Budgeting essentials and development from Fundação Instituto de Administração Business Communications from The University of British Columbia Critical Thinking & Problem-Solving from Rochester Institute of Technology Excel Skills for Business: Essentials from Macquarie University Excel Skills for Business: Intermediate I from Macquarie University So here is the link. https://qz.com/1120344/200-universities-just-launched-600-free-online-courses-heres-the-full-list/amp/?__twitter_impression=true Happy learning.
  2. 4. "The Richest Man in Babylon" (2004) by George Clayson The Richest Man in Babylon is a collection of parables about money. These are the type of fairy tales one could imagine Warren Buffet would tell small children about his road to wealth. The book may be overly simplistic for the taste of those already well acquainted with the principles of personal finance. For the majority of readers, however, the parables provide a new perspective on financial decisions, and will help instil good financial habits as purely common sense. 5 "Think and Grow Rich" (1937) by Napoleon Hill Think and Grow Rich was written during the Great Depression. Hill conducted extensive research based on his associations with wealthy individuals during his lifetime and published 13 principles for success and personal achievement from his observations and research. These include desire, faith, specialized knowledge, organized planning, persistence and the "sixth sense." Hill also believed in brainstorming with like-minded people, whose efforts can create synergistic energy. This book conveys valuable insights into the psychology of success and abundance. 6 "The Essays of Warren Buffett: Lessons for Corporate America" (2001) by Warren Buffett and Lawrence Cunningham In his essays, Warren Buffett—widely considered to be modern history's most successful investor—provides his views on a variety of topics important to corporate America and shareholders. Buffett's essays include discussions on corporate governance, finance, investing, alternatives to common stock, mergers and acquisitions, accounting and valuation, accounting policy, and tax matters. Although Buffett seldom comments on his current holdings, he loves to discuss the principles behind his investments. The book is the definitive work summarizing the techniques of the world's greatest investor. 7. "Dangote's 10 Commandments on Money" (2011) by Peter Anosike A motivational book designed to build the entrepreneurial spirit in the youths, Dangote's 10 Commandments on Money is a fitting tribute to one of the most remarkable businessmen of this generation. The book analyses the strategies which Dangote has used to achieve what some other persons might have considered unimaginable. It is a motivational book that seeks to build the entrepreneurial spirit in youths and a fitting tribute to one of the most successful businessmen of this generation. Through the strategies and principles described as “ten commandments”, you will learn how to make, manage and multiply money from one of the world’s richest. The amazing thing is that Dangote built his business empire from the scratch, starting out as a small scale trader to eventually build an emergent global conglomerate, becoming, in the process, one of the world's richest men. Just how was he able to do this? That is the interesting question which Peter Asike tries to answer in this book. If you’re thinking wealth creation or shopping for an ideal gift for a younger one you care about, this could make a great gift.
  3. 6. Falling in Love with a Company Too often, when we see a company we've invested in do well, we easily fall in love with it and forget that we bought the stock as an investment. Always remember: you bought this stock to make money, so, if any of the fundamentals that prompted you to buy into the company changes, consider selling the stock. No sentiments! 7. Lack of Patience How many times has the power of slow and steady progress become imminently clear? Slow and steady usually comes out on top - be it at the gym, in school or in your career. Why, then, do we expect it to be different with investing? Many people like to refer to themselves as longer-term investors. But when it comes down to it, most investors want to see results in the first 12 to 24 months of owning a particular stock. Fact is, a slow, steady and disciplined approach will go a lot farther over the long haul. This means you need to keep your expectations realistic in regard to the length, time and growth that each stock will encounter. 8. Market Timing Successfully timing of the market is extremely difficult to do. Even institutional investors often fail to do it successfully. A well-known study, "Determinants Of Portfolio Performance" (Financial Analysts Journal, 1986), conducted by Gary P. Brinson, L. Randolph Hood and Gilbert Beerbower covered American pension-fund returns. This study showed that, on average, nearly 94% of the variation of returns over time was explained by the investment policy decision. In layman's terms, this indicates that, normally, most of a portfolio's return can be explained by the asset allocation decisions you make, not by timing or even security selection. So, timing should not really be a reason not to invest as long as the decision follows diligent research and investigation. 9. Waiting to Recover Loss Waiting to recover losses may just be another way to ensure you lose more or any profit you might have made because you are waiting to sell a losing stock until it gets back to its original cost basis. Dream on! Behavioural finance calls this a "cognitive error." By failing to realize a loss, investors are actually losing in two ways: first, they avoid selling a loser, which may continue to slide until it's worthless. Also, there's the opportunity cost of what may be a better use for those investment. 10. Lack of Institutional Knowledge/Research The relative lack of knowledge about future earnings potential, opportunities for growth, competitive forces, etc. can adversely impact investment results. In fact, a lack of knowledge is another major reason why many individual investors tend to underperform in their investment decisions. This is compounded by the fact that analysts can sit and wait for new information, while the average investor has to work and attend to other matters. This creates a lag time for individual investors, which can prevent them from getting in or out of investments at the best possible moment.
  4. Retirement happens whether you want it or not. Even as a business owner, you will not be able to run your business effectively at some point in your life time because nature will naturally rob you of your youthful zest, zeal and vigour. You may try to remain involved in your business but, except you want to use your hands to tear down what you have built, you need to peacefully and graciously retire to tea drinking and vacationing. Worse if you are an employee, at 65, or after at most, 35 years in service, you would get a letter and the content would be something like ‘thank you for your service, you deserve some accolades…’ summary, go home and rest! Unfortunately, many suffer heart attacks when such letter is received. Why not, nothing to fall back on, strength falling, probability of getting another job almost zero, how will the sundry bills be paid? medicals nko? And so on. Easy way out – heart attack. How sad. But this doesn’t have to be your tale. Imagine receiving the letter with pomp and pageantry and the next morning off to Zanzibar beach resort with madam (or oga) on a 10-day pleasure trip. Bills? No wahala, all sorted. Medicals? Insurance in place.. and this is not a fairy tale. It’s all about planning. But I’m too young, I just started work, I haven’t even clocked 5 years on the job… whatever your stage in life - relative youth (aggressive growth); middle age (moderately aggressive); retirement in the next 10 years (income and moderately conservative), retirement is only few years away! So let’s debunk some myths Myth 1. I’m too young to save for retirement. Actually, the younger the better. Starting early makes retirement better because you have a significant opportunity to become truly wealthy thanks to the power of compound interest. Someone who invests N25,000 by age 25, with a 12% rate of return, will have more than N2 million by age 65—even if he or she doesn’t add another dollar after age 25. If that same person waits until age 30, he or she will have to contribute more than three times as much to achieve the same outcome. So start while you’re young. Myth 2. I’m too old to save for retirement. Yes, you may be starting late, but not preparing at all is worse. While it’s true that you’re better off starting at age 25 than 50, it is also true you’ll be better off starting at age 50 than, say, 70. Then again, 70 is a better start than 90, isn’t it? The past is the past. We must stop peering at the rear-view and instead look ahead toward the horizon. As long as you’re still breathing, it’s never too late to start. It’s never too early, either. So no matter what stage you are, START. Myth 3. I don’t make enough money to save for retirement. Actually, there is no reason you shouldn’t retire a millionaire. Virtually everyone, even N18,000 minimum-wage earners, have the opportunity to be a millionaire when they retire. It sounds too good to be true, but the math proves otherwise: a 25-year-old who sets aside only N100 per week will retire with more than a million naira if the money is invested properly with just 12% rate of return. If you are above 25, well, set aside more than N100 weekly. You may try N1,000 or N10,000 depending on your age so you can catch up.
  5. So you want to be an Entrepreneur or you have been told to become one… good, but, do you have what it takes? Being one is not a mean feat. While some like it for the title – I am an Entrepreneur! – Others have been counselled to resign from their jobs and become Entrepreneurs because they look it. True, many have become rich and successful being entrepreneurs but many others have also lost out because they didn’t ask themselves - Do I have what it takes to be an entrepreneur? Here are 10 characteristics that set successful entrepreneurs apart: 1. Passion Although there are many traits that make an entrepreneur successful, perhaps the most important would be passion. Is there something you can work on over and over again without getting bored? Is there something that keeps you awake at night because you haven't finished it yet? Is there something you have built and want to continue to improve upon? Is there something you enjoy so much you want to continue doing it for the rest of your life? 2. Adaptable and Flexible Being passionate is important, but being rigid about client or market needs will lead to failure. An entrepreneurial venture is not simply about doing what you believe is good, but also making a successful business out of it. Successful entrepreneurs welcome all suggestions for optimization or customization that may enhance their offering and satisfy client and market needs. You have to be adaptable and flexible 3. Risk Taker Entrepreneurs are risk takers, ready to dive deep into a future of uncertainty. Successful entrepreneurs are willing to risk their time and money on unknowns, but they also keep resources, plans and bandwidth for dealing with "unknown unknowns" in reserve. When evaluating risk, a successful entrepreneur will ask herself, "Is this risk worth the cost of my career, time and money?" And, "What will I do if this venture doesn't pay off?" 4. Product and Market Knowledge Entrepreneurs know their product inside and out. They also know the market. Most become successful because they create something that didn't already exist or they significantly improve an existing product after experiencing frustration with the way it worked. They are aware of changing market needs, competitor moves and other external factors. 5. Strong Money Management It takes time for any entrepreneurial venture to become profitable. Until then, capital is limited and needs to be utilized wisely. Successful entrepreneurs are strong money managers. A successful businessperson keeps a complete handle on cash flow which is the most important aspect of any business. 6. Exit Preparedness Not every business attempt will result in success. The failure rate of entrepreneurial ventures is very high. Sometimes, the best solution is to call it quits and try something new instead of continuing to dump money into a failing business. Many famous entrepreneurs weren't successful the first time around, but they knew when to cut their losses. 7. Leverage On The Right Connections Many people are happy to complain about the global slowdown, poor demand, or unfair competition and seek comfort in commiseration from friends, colleagues and neighbours. Sadly, that won't improve the bottom line. Successful entrepreneurs leverage on relationships and reach out to mentors with more experience and extensive networks to seek valuable advice. If they don't have the necessary technical or marketing skills, they find someone who does and delegate these tasks so they can focus on growing the business.
  6. Mutual funds are a good way for investors to build wealth but they aren’t completely risk free. With a mutual fund you get exposure to different industries without having to become an individual stock picker. But when it comes to mutual funds, not all of them end up being profitable. Choose the wrong one and you may face investment areas that erode your investment returns. With that mind, here are some mistakes to avoid when choosing a mutual fund for an investment. 1. Paying Too Much in Fees When it comes to mutual funds, investors are going to pay different fees depending on the fund they go with. Investors who don’t pay attention to fees could see their returns diminished as a result, even with a mutual fund. Some mutual funds pay brokers a commission for selling their product to investors. That commission, known as a front-end load can be up to 5% of invested assets and is usually charged upfront. A back-end load mutual fund is a fee you pay when you sell the fund. The longer you hold on to it the smaller the fee. A no-load fund has no commission associated with buying or selling the fund, and is often a good choice for mutual fund investors who want to minimize the fees they have to pay. 2. Chasing Past Performance For most people mutual funds could be a good way to build wealth but often investors will chase past performance in hopes of seeing the same returns. Far too often, investors will choose their mutual funds based on past performance without giving much thought to what the fund invests in and whether or not the exposure matches their risk tolerance and time horizon for investing. Sadly, past performance doesn’t mean future performance, and the fact that a fund did well one year or even over five years doesn’t mean it will continue to do so. While past performance can help narrow the playing field it shouldn’t be the only reason to choose a particular mutual fund. 3. Not Paying Attention to the Tax Implications Many investors will use take funds from their already taxed salaries and invest in mutual funds outside of non-retirement accounts, which could create a tax event if they are not careful. These tax events occur because if an investor chooses an actively managed mutual fund that has a high turnover rate, the investor could be on the hook for any gains. Typically, the mutual funds with higher turnover rates are going to generate more tax events of which investors have to be aware. Unfortunately, most mutual fund marketers would not tell you about this! 4. Holding the same investment via different mutual funds Many people think they can choose a mutual fund, invest in it and then forget about it without giving too much thought to the underlying investments in the fund. If you own only one mutual fund this may be acceptable, but if you have your investments spread out over different funds to get diversification then you are going to have to do some homework. You don’t want to hold the same investments in multiple mutual funds. The whole idea is to be diversified in different asset classes and industries, and if your mutual funds all hold the same stocks and/or bonds, then you aren’t diversified. A possible outcome is that if the market goes down, you are going to be positioned for a bigger blow without having your investments spread out.
  7. Investing and getting returns from one’s investments could be fun until one makes a very dear mistake which could spoil all the fun. Investing comes with its own problems but it is also not as difficult as we think. While there are a number of ‘ground’ rules for investing, here are 10 simple nuggets that would help in avoiding common investing problems especially if you are not employing the services of a mutual fund manager or advisor. 1. Investing in Something You Don't Understand It’s baffling how one would throw funds into a project without knowing how it works. Even one of the world's most successful investors, Warren Buffett, cautions against it. It is quite unhealthy to invest in businesses you don't understand. In fact, you should not be buying stock in companies if you don't understand the business models of the company and how it achieves its aim. It is highly advisable to make sure you thoroughly understand the company or companies before you invest - If you do, invest in individual stocks or better still, mutual funds can come handy. Even at that, seek to understand where your money is going and why. After all, it is your money! 2. Failing to Diversify Please, do not put all your eggs in one basket. How? Stick to the principal of diversification - spread their risk over a number of companies so that if one particular company, sector, industry or even country (depending on your financial weight) hits a rough patch, other investment holdings may pick up the slack. In your investments, kindly remember to allocate funds to all major spaces and allocate to all major sectors. If you do, you may have saved yourself from a total loss which may or may not occur but you never can tell. The best widely known investors own shares in lots of different public companies. 3. Letting Your Emotions Rule the Process Perhaps the major killer of investment return – in our part of the world, is emotions. It comes in two ways A – Investing based on relationship – in local parlance, ‘na my brother’. In this part of the world, it’s usually a taboo to say ‘no’ to a dear friend, or family. This emotion beclouds sound judgement and one ignores the red flags only to regret later. B – Investing based on Fear and greed. Do not let fear or greed overtake you. Just focus on the bigger picture and the hard facts. Be sure you are not driven by fear of losing out or losing all. Also, be sure it’s not greed because large returns would often burst after a while. Pull out when it’s time to rather than staying put fostered on by greed. 4. Copy-cat investing While some investors are trailblazers and do their own research, many attempt to mimic the portfolios of such well-known stock market successes with the hope of being able to cash in on their world-class returns. ERROR! Copying another portfolio, particularly an institutional investor's portfolio, can actually be quite dangerous. Why? You can’t wield much influence in the industry like the big gun. You most likely don’t have as much money as he does. Do you have inside information or the information he has? Do you even know his purpose in making such move or how long he intends to keep his funds there? My dear, do your own ‘homework’. (Read Real Money; 2005, by Jim Cramer). 5. Too Much Investment Turnover Turnover, or jumping in and out of portfolios is another return killer. Allow your seed some gestation period in order to have real benefits. You may be missing out on the long-term gains of good investments if you keep coming and going. Don’t be an investment ‘Abiku’. To be continued…
  8. When it comes to learning about investment, there are several classics on investing that make for great reading. The internet is surely one of the fastest, most up-to-date ways to make your way through the jungle of information out there, but if you're looking for a historical perspective on investing or a more detailed analysis of a certain topic, books will always come to your aid. You can read books with sound financial advice, but if you lack the mind-set to truly build wealth, it will be difficult to achieve financial success. These books are mind-changers! Here we give you a brief overview of these books to set you on the path to investing enlightenment. 1 Rich Dad, Poor Dad (2000) by Robert Kiyosaki This book has been around for a while now, but it’s quite possibly one of the best overviews on wealth building. It deals less with specific moneymaking strategies and more with the mind-set that is necessary to achieve great wealth. Rather than focus on concrete steps for what people can do to fix their financial life, the book presents an alternative mind-set about money. According to Kiyosaki, the rich teach their children a fundamentally different view of the financial world. Kiyosaki's view is that the poor and middle class work for money, but the rich work to learn. He stresses the importance of financial literacy, and presents financial independence as the ultimate goal in order to avoid the rat race of corporate America. The book is built on his early life experience as a child of a well-educated, high income, but perpetually broke father, in comparison to the father of his best friend, who was poorly educated, but a multimillionaire. Kiyosaki's message is simple, but it holds an important financial lesson that may motivate you to start investing: the poor make money by working for it, while the rich make money by having their assets work for them. Kiyosaki advocates investments that produce periodic cash flow for the investor while providing upside in terms of equity value. Real estate investments and stocks that provide dividends are viewed favourably. Real assets add cash flow to your wallet. For example, the book points out that working hard and even earning a high income are not enough to ensure financial success. Rather, the book emphasizes that the rich work smart and spend more intelligently. 2. The Intelligent Investor (1949) by Benjamin Graham The Intelligent Investor is the grandfather of investment strategy books. This book has been hailed by Warren Buffett as the best investing book ever written. Author Benjamin Graham is regarded as the father of the value investing. Graham delves into the history of the stock market, and informs the reader on conducting fundamental analysis on a stock through developing long-term investment strategies and avoiding significant errors. He discusses various ways of managing your portfolio including both a positive and defensive approach. He then compares the stocks of several companies to illustrate his points. The book stresses the importance of fundamental analysis and truly understanding your investments. By learning to analyse potential investments in depth, investors can learn how to spot under-priced stocks backed by robust companies which is determined through fundamental analysis. The central tenet of the book is that a scientific approach should be used when directing your investments. Reading this book, you will learn to keep your emotions out of your investments, and develop a sceptical stance towards anything resembling the type of hype that so often gets the average investor into trouble. The Intelligent Investor won't tell you how to pick stocks, but it does teach sound, time-tested principles that every investor can use. 3. Real Money (2005) by Jim Cramer Popular TV financial analyst Jim Cramer's "Real Money" has continued to sell well since its 2005 debut. The book provides a basic play-by-play analysis of the basic techniques that Cramer advocates for buying stocks. This is not the book for those who want set-it-and-forget-it investments. Cramer does NOT advocate "buy and hold" but rather "buy and homework" meaning that investors spend at least one hour per week analysing each position held. While this ‘homework’ can quickly become a large time commitment, Cramer recommends that investors remain diversified. This may not be the right book for every investor, but if you are interested in the types of things that a hedge fund manager thinks about all day, or if you hold a diversified portfolio, you will enjoy this book. To be continued…
  9. Diversification simply put, is just putting your investment in multiple stocks, assets, sectors that have no similar value added relationship to help you reduce risk of losing investment money. A diversified investment is a portfolio investment in multiple stocks, assets or sectors that have no correlation with one another that help you reduce the risk of losses. Have you come across the quote “Don’t put all of your eggs in one Basket”, pretty familiar right? It is apt to your role as an investor who wants to mitigate loses. For example, Mr David, as an investor, wants to diversify his investments. So rather than invest only in tech/communications, in order to reduce the chances of losing, he diversifies and invests in oil firms’ stocks, government bonds, and banks stocks, not still confident of his investment, he goes into commodities, agriculture and other areas of business to invest till he feels he’s running with minimal risk of losing all his investments. You see Mr David having channelled his investment on different sectors is safer because if there’s a crisis in the tech world and all the tech industry crashes, he’s got investment in oil, government, banks and way down to agriculture. The key priority of diversification is reducing risk of loss. Diversification can't protect investors entirely from risk. Sometimes, financial markets lose value at the same time, and nearly every stock, bond, or fund loses value. More often, though, a diversified portfolio will cushion the blow of a downturn and help you avoid the full consequences of making an unfortunate stock selection. There's also little chance that the entire portfolio will be wiped out by any single event. That's why a diversified portfolio is your best defence against a financial crisis. Although, diversification can help an investor manage risk and reduce the volatility of an asset's price movements. Remember, however, that no matter how diversified your portfolio is, risk can never be eliminated completely. It is never a bad idea to keep a portion of your invested assets in cash or short-term money-market securities in case of an emergency because short-term money-market securities can be liquidated instantly. In general, the more risk you are willing to take, the greater the potential return on your investment, remember, the higher the risk, the higher the returns and vice versa. Investors will usually go for bonds and stocks creating different assets allocation portfolio. Usually, an aggressive investor would go for 80% stock and 20% bonds while the conservative investors go for 20% stock, 80% bonds. With stocks, investors can choose a specific style, such as focusing on large, mid or small capitalization. Bonds also offer opportunities for diversification. Investors can choose long-term or short-term issues. They can also select high-yield or municipal bonds. While stocks and bonds represent the traditional tools for portfolio construction, a host of alternative investments provide the opportunity for further diversification. These include Real estate investment trusts, hedge funds, Fixed Deposit, Commodities, and Treasury Bills etc. Regardless of your intention, there is no generic diversification model that will meet the needs of every investor. Your personal time horizon, risk tolerance, investment goals, financial means and level of investment experience will play a large role in dictating your investment mix. You can build your own diversified portfolio by combining numbers of individual stocks, bonds, or other investments. In general, buying stocks that differ in size, industry, geography, and corporate strategy can give you more of the benefits of diversification. Focusing on similar stocks in the same sector adds minimal diversification to a portfolio. Start by figuring out the mix of stocks, bonds and cash that will be required to meet your needs. From there, determine exactly which investments to use in completing the mix, substituting traditional assets for alternatives as needed. However, if you are too overwhelmed by the choices or simply prefer to delegate, there are plenty financial services professionals available to assist you, usually, at a fee.
  10. New technologies are invented on a regular basis to give people the opportunity to help take stocks and enlighten them to become more informed investors. Investment forms one of the greatest ways to make money today. Being smart in business therefore is characterized through risk taking; smart investors are also known to lead the market. The earned money is used to create a retirement fund, however this is not always easy to do and a number of the Nigerian investors succumb to losses due to information shortage. Let's look at some investment apps in the market for android, with already established and growing large audience. Mobile Apps have helped in generating multiple leads and increase productivity in business. Here are a few of them: Whatsapp Business App Whatsapp Business App is available on android and can be downloaded via the Google Play Store. The apps are compatible with the services running Android 4.0.3 and above. Versions bearing similar features will be made available for IOS devices (I phone) in future. This App has been in use in other nations like USA, Italy, Mexico, Indonesia and UK and has helped investors greatly. Once downloaded and installed in your phone, it will display your business name, location and your site, making it easy for clients to find you. Personal Capital This is a terrific finance tracing tool that helps you manage your various investments. It also useful for those with multiple accounts with different firms. It features a trade mark “You Index” that helps track your accounts performance in all accounts comparing it to benchmarks such as S&P 500 and Dow. This App helps you connect with the assigned financial consultant at an annual fee; it also features a budgeting tool that keeps track of your investment. Yahoo Finance This App remains the best and most reliable in offering investment information. It provides news and a real-time data in the trading industry. Its ability to browse videos, view financials and read basic business charts makes it an amazing tool for businessmen. Expensify The App allows users manage spending transactions, process and upload receipts from their online sales. It also generates expense reports automatically to ensure your employees are spending business money wisely. Feedly The App comprises of news feeds from multiple online sources for one to customize and share to remain ahead in industrial trends. It allows you to subscribe to your favorite website giving you the latest RSS feeds. Tripit For an investor who travels a lot, Tripit forms an essential App to install on your Smartphone. It works like a travel manager by helping you organize reservations and plane flights confirmations by forwarding this important information to the App. It also allows you to share your itinerary with those who matter. Uber There is a newly added feature on Uber called Uber for Business. It was built to help companies manage their employee’ transportation. It features a central dashboard that tracks fares and trip.
  11. Helping Nigerians stay out of debt and gain financial independence is fast becoming a passion for many application developers who seek out better ways to help people save and motivate them to spend less. Here are two savings applications that have been designed to lead Nigerians out of financial slavery. ALAT Well, it is a digital banking service powered by Wema Bank Nigeria, which allows you to do all your banking transactions without being physically present at a bank. Alat digital bank allows you to open fully functional savings account using just your BVN and phone number in exactly 5mins. No paperwork required! At it’s core, ALAT by Wema bank is selling simplicity, reliability and convenience. ALAT digital banking will save you time with a simple account opening process that takes less than five minutes, help you put money away easily by automating your saving, make sure your bills are paid on time with its scheduled payments feature and deliver a free debit card (ALAT ATM card) you can activate, lock and unlock from your phone to use anywhere in Nigeria. You can open an ALAT account easily on from your phone. Install ALAT from the Apple App Store or the Google Play Store, open the app and sign up with your Bank Verification Number and a valid phone number. Thereafter, you will need to upload a photo of a valid means of identification (a government-approved ID card), a photo of a utility bill (not older than 3 months) and your passport photograph. Your account will be activated as soon as the ALAT team verifies your documents and address, usually in 24 hours. In the meantime, you can put money in your ALAT account but you can’t spend from it. Your ALAT account number will be emailed to you. It will also be displayed on your dashboard each time you log in to ALAT. Piggybank Piggybank is a Nigerian Financial Technology startup and they run a simple online savings scheme where they make periodic deductions for customers to save towards targets. Piggybank.ng securely makes saving possible by combining discipline plus flexibility to make you grow your savings & better manage your finances. Their mission is to make savings & investments more transparent and clear so that anyone can manage their finances. They promise that their clients can also earn interest income on the savings made. All that is required is to link a debit card to their platform online only. I was at first intrigued by the name. It is catchy and straight to the point. Try these apps today and leave your comments below.
  12. Phones have made it so easy for effective communication even without seeing the other party, sending messages, pictures and lots more but we fail to realize that our phones can do much more than we are used to. There are applications that can help manage our finances. Investors will find these applications interesting because they can trade virtual portfolios, draw on stock charts, get the real-time streaming price and economic data, and chart Fred data series, all from your smartphone or tablet. You will be able to track stock levels investing schedule on the real time basis and portfolio records amongst other things. uValue App: This app is available on iPhone and iPad and it is designed by NYU Stern valuation guru Aswath Damodaran, this app lets you do valuation modeling right on your iPad. Six models to work with by inputting the numbers on the application to get started. NetDania Forex: This app is available for iPhone, iPad, Android and it is designed to update quote on currency, stock exchange and economic data around the world of stock and investment. Options Wizard: This app is only available on iPad and it helps to calculate potential profit from strategies investment. It also has the buy and sells tools on the app to see potential gains and losses. Yochaa App: This app is a tool that helps to monitor stock performance on a delayed real-time basis and it also gives you access to an ocean of stocks to analyze for a better decision and its available on Android, iPad, and iPhones. Stock Twits App: This app helps us to spot the stock that has been tweeted the most for traded and made available for traded to connect with the social network for more discussion. Many applications are developed each day, with more exciting features, and I will be adding more very soon.
  13. Author: Nimi Akinkugbe Number of pages: 274 Whether you are just starting out and in your first job, financing your children's education, buying a property, approaching retirement, or somewhere in between, you need to take your personal finances seriously. In A-Z of Personal Finance the author, with a professional background of over two decades in banking and private wealth management, provides you with important practical information and useful tips on matters concerning you and your money. Personal Finance Expert & CEO of Bestman Games, Nimi Akinkugbe knows that a lot of people are worried about their personal finances. The A to Z of Personal Finance is a collection of words, topics and terms that are associated with the subject of personal finance. In this book, Nimi Akinkugbe focuses on some of the most significant principles used in her saving and investing philosophy. The purpose the book is to remove the mystique surrounding savings and investments, while dispelling the misconceptions attached to them. This book provides readers with concise information and tips on matters concerning the management of their money. A certified page turning book on money. The book seeks to empower people concerning their finances. In this book, she presents candid, useable insights and advice in understanding and managing personal finances and wealth. This book is highly recommended and won't amount to a waste of your precious time.
  14. . Author: Alex Becker Number of pages: 200 Found listed and reviewed on Amazon, the book, The 10 Pillars of Wealth: Mind-Sets of the World's Richest People, makes you think like a multimillionaire: and pushes you to leave the 9 to 5 behind. The world has led you to believe that financial freedom is not something you can willfully create in your life. You have been taught to view wealth as something that happens only to a lucky few who win a random business lottery or are blessed with unimaginable talent. The TRUTH is that creating excessive financial wealth does not come down to luck or talent. It comes down simply to your beliefs, understanding, and views--the ''pillars'' that reinforce your every action. Alex Becker not only breaks down the most important pillars for you but also shows you how to bring them into your life TODAY to begin generating lifelong financial freedom. Discover how to: Successfully quit your 9 to 5 and take back your life without taking massive financial risks, Separate your time from money so that you are constantly getting paid (even in your sleep), Understand the lessons multimillionaires have learned through years of trial and error, Map out the exact steps needed to build million-dollar businesses, Skip time-wasting mistakes and learn how to make money quickly by focusing solely on what gets you paid. In this fantastic book the author Alex Becker sets out to delineate the 10 most important concepts and mindstates behind getting rich in "Pillars" (that are the fancy equivalent of chapters). In each Pillar would find a notion to reject or except, or a mind-state, which then gets expounded upon in greater detail. The author is concise and to the point and incorporates a plethora of very good and relevant real-world examples. Pillar 1 ("Rejecting Getting Rich Slow") for example, refutes the glorified notion that the "right way" to be successful is to go to college, get a degree, work everyday for a salary; weekends off; spread out vacations, with slightly inclined pay raises and a good enough salary to eventually retire semi-satisfactorily later in life. Apparently, they say that it's "safer" to minimize risks (that the wealthiest self-made millionaires take) in your career and live just to insure a more guaranteed path to success and financial freedom. The author utterly rejects this notion. Pillar 4 ("Knowing Every Little Thing is 100% Your Fault") has to do with mind-state and as it's title states believing that every action you take is 100% your fault, and that when you take responsibility for all your circumstances; despite it's uncorrelated nature with your volition, you become more adept at manipulating your life situation. This as you may notice is a very common mindstate of the very successful. Pillar 6 ("Forgetting 'What If' And Focusing On 'What Is') is similar to Pillar 4 in a sense of the mindstate needed to endure, and most importantly get started. Many times in life we play hypothetical scenarios in our head of what will result in the actions we take rather than just taking them and calibrating, figuring out, and learning from them there and then. Pillar 8 ("Focusing Solely On What Gets You Paid") is a plan of action that states that you should put most if not all your efforts on the activities you undertake that ultimately get you paid. Other less profitable tasks should be outsourced and overall there will be a net benefit. There's a "Secret Pillar" that is very motivational. There's a bonus chapter that talks about the different kinds of online companies you can start and it outlines the details of each. Do you want to know about the remaining pillars? Buy the book today. If you want to get serious about changing your financial future, this is a MUST HAVE book.
  15. Author: Dave Ramsey Number of pages: 352 In this book, Dave Ramsey takes the time to address techniques for true wealth-building, not just the financial kind. He points to the strength in character and values. This book challenges us to look inward. Where do our true values and visions lie? When you find that answer, you know where you are. When you create that answer, you put yourself where you want to be. Mr. Ramsey's wise counsel will lead many to become prosperous, and his wife's tidbits made the whole book come together. They work as a team. Here is what Amazon review has to say: In his first bestseller, Financial Peace, Dave Ramsey taught us how to eliminate debt from our lives. Now in "More Than Enough," he gives us the keys to building wealth while also creating a successful, united family. Drawing from his years of work with thousands of families and corporate employees, Ramsey presents the ten keys that guarantee family and financial peace, including: values, goals, patience, discipline, and giving back to one's community. Using these essential steps anyone can create prosperity, live debt-free, and achieve marital bliss around the issue of finances. Filled with stories of couples, single men and women, children, and single parents, More Than Enough will show you: 1. How to create a budget that fits your income and creates wealth 2. What finances and romance have to do with one another 3. What role values play in your financial life 4. How to retire wealthy in every way And much, much more More Than Enough provides an inspiring wealth-building guide and a life-changing blueprint for a vital family dynamic.