22/12/2015

Best 10 Short Term Investment Ideas In Nigeria

There are so many ways in which people make money in Nigeria,some make money in businesses and some in investments. There are so many ways to invest your money in Nigeria,and most of those ways require a long term investment plan for you to actually see your profits and there are also short term investments you can do.
When i mean short term investments,i mean investments that is between the period of 1 or 2 years and will yield good returns on investment. So below are the top 10 short term investment ideas in Nigeria.

  1. Stock dividends: Income shared by stocks in companies. Stock dividends are shared according to the profits of the companies and according to the number of shares you have. Which means that you can earn higher when you have a large number of shares in the company and company also have huge profits.
  2. Savings account: This is a good short term investment idea for people with low financial knowledge ,because all they need to do is to open a normal savings account with any commercial bank of their choice and interest will be paid from time to time on the money they put into their savings account.
  3. Fixed savings deposit: This is almost like savings account,its just that it involves a large amount of money and it is for a specific period of time. The interest rate on this type of savings is always very high.
  4. Peer to peer lending: Although this is very risky,it is also  a very profiting short term investment idea. But it must be done well so that money will not be lost.
  5. Money market account: This is also another type of savings account. It requires a high minimum deposit and and there are so many restrictions available. Although it depends on the type of financial company you open the account with
  6. Municipal bonds: Bonds are issued by a local government unit or any of its agencies. Normally income earned on these bonds are usually tax exempted hence their approval.
  7. Treasury bonds: Bonds issued by Nigerian government are guaranteed by the same. Here the repayment of the principal and fixed interest is always guaranteed.
  8. Forex market: The forex market especially here in Nigeria is a wonderful place for short term investment between 1-6 month. All you need to do is to open an account with any forex company you want to open an account with,then choose the type of investment plan you want and then relax. Note that there is a difference between trading and investing in the forex market. And be very careful to avoid loosing your hard earned money.
  9. Funding projects: This is also a very good short term investment idea. All you need is to look for projects that require funding,agree on a particular share in the project when completed. This is very profiting if done well.
  10. Acquire skillls; Dont be awkward about this. This is a good short term investment in your self. Acquiring skills  can be a life time investment for you,because you can render does skills you have and keep making money till whenever. Try investing in yourself.

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