Quote from: Fortify on July 02, 2025, 07:52:08 PM

Quote from: Slimzeee on July 02, 2025, 12:21:41 PM

1. Understand the Business You’re Investing In
Be its anything, coins, forex, real estate, etc. Always ensure you have satisfied yourself by making a proper research and understanding of the proposed investment in question.
I’ve not just heard stories, I’ve seen it with my own eyes. Someone bought a Keke (tricycle) and gave it out for hire, hoping to get returns weekly or monthly depending on his agreement with the rider.
But guess what? It was problem after problem. One day it was the crankshaft, the next day it was "local government wahala."
It even led to an arrest and things got messy just because someone wants to reap the fruit of another persons labor
Now I’m not saying Keke business is bad, but you need to understand how it works so you don’t end up stressed and frustrated.

2. Investment Is Not a Get-Rich-Quick Scheme
If you’re thinking investments will blow overnight and make you millions instantly, you're likely walking into a trap. Real investing takes time. The legit kind is long term and is meant to bring in steady income over time unless of course, you’re looking for Ponzi (which I don’t advise at all).

I think these are the two most important points and all the rest are rather irrelevant. Starting with point two, many people see in the media and movies that people put one sum of money into an investment and get super rich from it - but that is extremely rare and not how most people find success. Success for the average person is a long road that requires commitment and understanding that they should keep adding funds through good times or bad. It takes most people decades of investing before they will be able to enjoy the fruits of their labor, but when it comes it is abundant enough to retire on. As for point one, 99% of people would do much better just investing in diversified ETF funds rather than trying to pick individual companies because unless you have the time to research them you will be wasting money.

Yes,
Another point to note is not engaging in any form investment with borrowed money because the end result might not be pleasant.
Unless there is a constant flow of cash from other sources.