Retiring Early in Nigeria When you think retirement as a Nigerian, what comes to mind? Do you see a designated date where you just stop working and your pension immediately starts to roll in? Do you see it as a time where you finally don’t have to wake up at 4:00am to beat the tireless […]
Compound interest (or compounding interest) is interest calculated on the initial principal (Initial Investment) plus interest accrued in previous period. To think of it simply, a compound interest is interest on interest. When an investment is made and it generates interest, even more interest is incurred on the generated interest. However, banks work with Simple Interest. Simple interest is […]
Greetings from Mainstreet Cap HQ. This is the concluding post on the 4-part series, “Investing in Nigeria”. We have taken you on a journey exploring the meanings of each article and how these investment vehicles help turn a profit. Today, we talk about Bonds and extensively but simply cover what Bonds mean and how investors […]
This is the third installment in our 5-part “Investing In Nigeria” series. The first was on “Mutual Funds” and the next “Stock“. Here at Mainstreet Capital, we began this series to get us all more aware of our investment options and get us to a point of financial freedom. Today, we will talk about Money […]
Stocks are a part of a company. They are an investment in a company and that company’s profits. Investors buy stock to earn a Return On their Investment (ROI). Simply put, when you purchase a company’s stock, you’re purchasing a small piece of that company. Units of stock are called shares.