I spent New Year’s Day with my favorite brother and got to see places and things that inspired me to work hard, count my blessings, and appreciate how each day presents something new to learn.
I took the time to go to the local market to check email as there was no network coverage at my brother’s farm. As I was browsing, I noticed that the guy sitting next to me was on a college website applying for his first term.
As I smiled, I thought about how technology had revolutionized communication, the ease of access to services, and how great it must be to be able to access education online. Years ago, when I was accepted to my university studies, we had to do everything in the main office and not in the comfort of any computer in an Internet cafe.
We struck up a conversation and he asked me if I was following the right path and if he could use his money wisely to invest while studying.
I was impressed that this smart boy was already thinking about his future. I gave him my two cents and explained that the course was great for him and that it would give him a lot of organizations to work for. When it came to investing, I wished I had been thinking like this guy some 20 years ago.
As a freshman, I vividly remember an acre of land in Kahawa Sukari in Kenya, East Africa, selling for less than sh10,000.
While land is always a safe bet to invest in, smart investments can come from many different decisions and choices.
Not everyone can afford to buy land at the time they plan to invest, but there are a number of ways one can invest for long-term results with small amounts of money.
However, extensive market research is necessary to invest wisely, whether it be in the stock market, stocks, mutual funds, government bonds, or even crafty Ponzi schemes.
Investment brokers and companies can be used when one can afford their services, but if you are low on funds, you can always choose to go it alone.
But before you invest, you may want to consider a number of things;
Do you know the product?
I love cereals, especially Fiber One Honey Roasted Oats. If I had to invest in one thing, it would be something I use and believe in. Most of the time we fall prey to rumors and jump into investing or buying stocks thinking that a friend or neighbor made a big profit on their investment.
If you’re going to invest, why not invest in something you believe in or something you use regularly? That way, every time you use the product, you can smile at the gains you could make in the long run.
Are you investing for the short or long term?
The sure way to make a profit on your investment in an unpredictable stock market is long-term investments with little risk. If you don’t have time to keep checking stock index prices every morning, then long-term investments would be best for you.
Put some money away and wait a long time and by the end you’ll feel like you bought that piece of land in Kahawa Sukari 20 years ago.
Invest in smaller organizations
Investing in a promising small business that is not a large corporation that can be volatile or difficult to predict at times is a better bet. Smaller companies with fewer shareholders work harder to build and grow. A sure way to reap results would be to invest in exciting companies that you are sure will grow steadily but surely.
Invest money you may forget you had
Investments are much like loans. You can only give money to a friend you can do without, so when you get it back, no matter how long it takes, it’s a pleasant surprise. When you invest, you shouldn’t feel the pinch and try to rush to get your money back or create bad feelings.
So make a strategic plan and start investing as soon as possible, remember that it is never too early or too late to see your dream come true and you can start with very little, just be patient and remember that you have planted a seed that you could sow In the near future.