Not sure I agree that little drops make an ocean but they can certainly fill up a large bucket pretty fast :) Indeed on my main account @terganftp I started with nothing and tiny drops over time have made enough to be measurable now. On my @terganmarket account I'm taking tiny "drips" of pennies a week and trying to document how they make something valuable over time.
As far as mutual funds go its awesome that you can start for as low as 5000 Naira. In Canada the bar is considerably higher.
I am curious though... You didn't mention REIT's (real estate investment trusts), Preferred Shares, or ETF's (Exchange traded funds).
I typically tell people who ask to start with a mutual fund because you get a bank advisor and low buy in amount. However, I also tell them to read prospectus and learn what the bank is recommending for them. Once they learn more switch from Mutual Funds to ETF's so they get the same diversification with lower fees. Would that also hold true in Nigeria?
And finally as a side note: Ever thought of making a fun project of taking the minimum mutual fund investment (5000 Naira), invest that amount monthly, then post how things grow over time? I'd love to see those "drops" compound. I'll be doing something similar in the "Great Little Dragons" community (although that community is currently under construction ... not currently ready for full launch :D )
I love the fun project and will definitely do that. Will do same with stocks.
We have few REITs and ETFs
Great to hear you are interested. Let me know what the minimum amount to make a demonstration amount and I'll see if I can send you that in HBD so we can make this happen :)
The minimum amount is 5,000 naira which is around 3.5USDT
I sent 5 HBD so you have a seed to get things started if you want to go ahead. If you don't, well, sad but no strings attached.
If you don't mind hearing me out I'll give my thoughts on what I'd love to see.
As you mentioned its the little drips that eventually fill the bucket (or the ocean I believe you said). I see many people on HIVE (especially Nigerians) who use it s a source of supplemental income. I'm glad they get the income to help out but I keep thinking....
...... If you took the money you earn here then diversify into an investment portfolio... and reinvest the dividends from that portfolio back into both FIAT and HIVE investments... In time you would be a good supporter of HIVE and have a good income stream in FIAT
$5 HBD is a realistic weekly income for any persistent and competent HIVE writer (once they make connections). If we could show how $5/week invested into mutual funds grows and then take a small portion of the growth / dividends from FIAT to reinvest back into HIVE that would be an awesome project.
If you are interested in posting weekly, I'd be interested in funding things.
But for now I just sent the $5 HBD as a "hear me out" and whether you decide to move forward or not? As I said, no strings attached.
I received the 5 HBD. It is a good initiative and I am onboard.
I will make a weekly post on the investment returns and all.
One other thing I will do is take the liquid HBDs I make on posts and invest. It is better than it lying fallow there.