WHAT IS DIVIDEND?
Dividends are rewards paid to share holders for investing in their company.
Even though investing in stocks may not seem as a way to make big money in the next six months or year but if your goal is to build financial wealth in the long term then consider investing in stocks. Instead of you savings sitting ideal in the bank you get a percentage of it invested in local or intentional stocks. Look the only thing i can tell you is in your 20s the only thing you have enough of it TIME, use it to your advantage because in your 20s your under skilled and do not have as much money so you can use compound interest to your advantage. Investing is not for only rich people , it is available to everyone you can start with as little as $1.
HOW TO START AS BEGINNER
FOR PEOPLE LIVING IN AFRICA
- Download bamboo app for international stocks ; as a beginner i would recommend ETF so you don’t end up loosing all your capital .
- Download the plus app /black star app ;this is for local stocks ,mutual funds ,treasury bills and bonds
FOR PEOPLE LIVING ABROAD;
Use Robin hood app or vanguard to invest in international stocks .
Investing in individual stocks can be good but to be on a safer side its advisable to invest in ETF especially when the capital is small.Re investing your dividend until you get a substantial amount of stocks is always a good idea, because image if a company is pay 0.08 per a share but you have 1000 share thus $80 per quarter of year for free that’s free money to me. That means stocks rewards those who stay long enough to reap .
THIS IS NOT FINANCIAL MAKE YOUR TO MAKE YOUR OWN RESEARCH.
Any questions ca be asked in the comment section.
REMEMBER YOUR FINANCIAL FREEDOM IS OUR PRIORITY
~kae