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We know that it’s a bad idea to ‘save’ money by stashing it under a mattress. If it lies dormant, it’ll lose value. That’s a basic rule. If you really want to save money, you’ll have to ‘grow’ it. In other words, you’ll need to invest it in something.

Thankfully, there are numerous investment opportunities out there, for anyone who has the funds and is informed enough to pick their options wisely. And there are relatively inexpensive investments available as well, which you can access from your mobile device. Think buying shares on the Nigerian Stock Exchange with as little as ₦10,000, from right where you are. That’s what the online platform, InvestNow.ng, is offering you.

InvestNow is a web portal owned by United Capital, one of Nigeria’s better known financial services institutions. The site runs as an investment portfolio management platform, which lets its users buy a range of financial instruments, earn interest on them, and redeem returns, using online accounts they’ve opened on it. Besides convenience, it also has investment options suitable for almost any budget.

The United Capital securities online account allows you to buy and sell shares on the Nigerian Stock Exchange, with your PC, laptop or smartphone. It’s one of several accounts you can open on InvestNow, and doesn’t require a hefty initial financial commitment to set up. With just ₦10,000 you can open this account and begin trading equities and raking in gains on the Stock Market from wherever you are.

Other money growing opportunities provided by United Capital’s online platform include Eurobonds, Federal Government Bonds, and Treasury bills. These things are actually channels used by the government to raise funds for its activities. When you buy a Federal Government bond or treasury bill, you’re lending to the government. It’s almost certain you’ll get your money back. You can invest in any of these through the InvestNow portal.

Besides this, there’s the United Capital Mutual Funds, an arrangement in which funds from several contributors are pooled together and spread over multiple investments by United Capital’s professional investment managers. This system also allows you to invest on behalf of your children and other relatives.

A ‘Wealth for Women Fund’, dedicated to helping women save, can be set up and operated from the website as well. Provisions can also be made for the education of specific persons, through an Education Trust Account. Such contributions can be made as a lump sum or put in periodically.

The InvestNow platform is open to anyone, as long as they’ve opened an account on it. If they do have an account, they’ll be able to monitor their investments, view and download account statements, and redeem gains, all on their digital devices.

You can put your questions about the InvestNow portal to its customer care agent, via the site’s live chat function. And if you’re interested in having one-on-one conversations with United Capital’s representatives, you’ll find them at the company’s branches in Lagos, Abuja and Port Harcourt.

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This article was first published on 4th October 2018

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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