As an individual, we all have goals and targets in our finances, therefore, the right information for the right investment is very important. Considering the fact that good investments help us update our goals in our education, career, capital projects, family needs, etc., it is imperative that we understand these investments.

Today, we are facing recovery in the economy after experiencing global economic collapse for more than two years of economic stagnation. In most African countries, especially Nigeria, it does not seem to be off to a good start as the government has limited funds to inject into the economy (capital market) unlike other developed nations in the world. Therefore, we need to make the right choice in this trial period. There are different types of investments available to us; Savings, insurance, bonds, stocks and shares, FOREX, real estate, import and export, and what you have. This may sound interesting, but we should look before making decisions on our chosen investments.

For most people, making the right investment decision can be difficult. They assume you need enough money to venture into a lucrative business. It's always a good idea to do a little research before you can make a decision on what you want to invest in. This is best accomplished when you gather information about your type of investment because you want to make the right investments that work best for you. It is financially wise for you to know the basics of investing so that you can have a variety of options. Is this where the use of funds comes in? It is advisable that you use your savings, especially if you plan to invest in the long term. Also, you don't need much to invest; You can use your monthly savings and invest consistently. The Stocks and Shares option is one of the most popular and profitable businesses.

Also investing in the insurance policy is another guaranteed way to invest without fear of falling market prices. Unlike the stock market, insurance is a safe way to get your money back with a certain accrued interest for a stipulated period of time, that is, if there has been no incident before the due date. However, this will be discussed exclusively in my subsequent articles. The mutual fund investment option is another form of investment whereby organizations raise money from different people and use it to venture into listed company stocks at the right time. This reduces your risk of losing money since you are not investing directly in the stock market. You should look for all the loop holes and enlist the services of a financial expert to help you make proper investment decisions.

Before delving into the various investments indicated above correctly, it is necessary to highlight the Basic Investment Principles that would be our guide to a successful company. I will discuss 5 of these proven principles that will guide us;

The first investment principle that we must know is to obtain the correct foundations of any investment plan and all the inconveniences that we anticipate or find will be verified. The problem that most people have is that they try to solve their challenges from the surface. It is easy for one to quickly take pain relief tablets to stop their toothache problems without knowing the cause. All right, let's look at our business transactions as an instance. A growing businessman borrows money from his business colleagues to build his business. By doing this extra time he got into debt a lot. But to get rid of your debt, you quickly pay off your debts regardless of the fact that your biggest weakness could be financial (money) mismanagement. Today in Nigeria, an average of 60 percent of the population engages in entrepreneurship in one company or another, yet most of them have little idea of ​​their company, which represents low earnings returns each quarter. This dismayed performance can only be attributed to their poor knowledge of the business, therefore the business base is lacking. In addressing such situations, understand the roots of these investments.

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Before delving into the various investments indicated above correctly, it is necessary to highlight the Basic.