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SFS Group charges youths to prioritise investment culture

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 SFS Financial Services Group SFS Group has advised Nigerian youths to build an investment culture by prioritising and setting investment goals to secure their future This is according to a statement signed by Oma Ehiri Head of Communications of SFS Group on Friday The company said the advice became necessary due to the huge population of youths that were characterised as Gen Z who were aware of financial literacy This the company said was evidenced by the adoption of technology and acceptance of digital banking and knowledge of investment platforms like Non Fungible Tokens NFTs cryptocurrencies and stocks by youths It was however noted that despite their financial literacy most of them were not investing because they did not know where to start The company listed tips that could help young Nigerians start their investment journey with ease They include making deliberate efforts to prioritise investing money investing in mutual funds research and adopting technology among others You can start your investment journey by being deliberate and prioritising a fraction of your income Most investment professionals advocate that 20 per cent of your income should be put aside as an investment As you build up an investment culture you can then increase the percentage of your income for investment without any pressure While people tend to associate investments with large sums the SFS Fund Mobile App which is an AA rated fund and licensed by the Securities and Exchange Commission SEC debunks that myth as it allows individuals to begin their investment journeys with as little as N5 000 Investing in mutual fund also presents an easy way to start your investment journey because it is convenient with built in diversification that makes investment less volatile and it is managed by experienced fund managers With Mutual funds investors get to pool their money investing in securities such as stocks treasury bills and money market instruments Interests made are added to your investment daily allowing you to have a steady stream of income the statement read in part The youth were also advised to carry out adequate research into various investment schemes before deciding to invest Nigerians have been hit hard by a lot of fraudulent investment schemes This has made people very weary of investing There are different things to look out for when choosing an investment scheme The company s financials its leadership team competition and its relationship with regulatory bodies are crucial information needed before deciding whether to invest It is good to also ask for the independent ratings SEC approved rating agency and possibly the rating report Ratings are mostly in seven levels CC CCC BB BBB A AA AAA ranging from most risky to least risky We strongly recommend you avoid investments without an independent rating or with a rating less than BBB Therefore consider only BBB A AA and AAA SFS Fund has an AA rating the second highest possible rating Furthermore the company noted that it was important for youths to embrace the use of investment mobile applications for ease as picking the right investment app could help with building a lifetime of a strong wealthy base that secured the future An example of a secure and on the go investment app is the SFS Fund Mobile App which is available for download on Android and iOS devices for free Upon downloading the app you can start your Mutual Fund investment journey on an easy to use dashboard that encourages transactions on the go with seamless and interactive features Investing in the long term is greater for achieving larger success Young people also need to understand that while patient investing may be difficult they must endure long periods of underperformance They need to stick to their investment plan to achieve their investment goals said the statement NewsSourceCredit NAN
SFS Group charges youths to prioritise investment culture

Financial Services Group

SFS Financial Services Group (SFS Group) has advised Nigerian youths to build an investment culture by prioritising and setting investment goals to secure their future.

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Oma Ehiri

This is according to a statement signed by Oma Ehiri, Head of Communications of SFS Group on Friday.

current nigerian news

The company said the advice became necessary due to the huge population of youths that were characterised as “Gen Z” who were aware of financial literacy.

current nigerian news

Non-Fungible Tokens

This, the company said, was evidenced by the adoption of technology and acceptance of digital banking and knowledge of investment platforms like Non-Fungible Tokens (NFTs), cryptocurrencies and stocks by youths.

It was, however, noted that despite their financial literacy, most of them were not investing because they did not know where to start.

The company listed tips that could help young Nigerians start their investment journey with ease.

They include making deliberate efforts to prioritise investing money, investing in mutual funds, research and adopting technology, among others.

“You can start your investment journey by being deliberate and prioritising a fraction of your income.

Most investment professionals advocate that 20 per cent of your income should be put aside as an investment.

“As you build up an investment culture, you can then increase the percentage of your income for investment, without any pressure.

SFS Fund Mobile App

“While people tend to associate investments with large sums, the SFS Fund Mobile App which is an AA-rated fund and licensed by the Securities and Exchange Commission (SEC), debunks that myth as it allows individuals to begin their investment journeys with as little as N5,000.
“Investing in mutual fund also presents an easy way to start your investment journey because it is convenient, with built-in diversification that makes investment less volatile and it is managed by experienced fund managers.

With Mutual

“With Mutual funds, investors get to pool their money, investing in securities such as stocks, treasury bills and money market instruments.

“Interests made are added to your investment daily allowing you to have a steady stream of income,” the statement read in part.

The youth were also advised to carry out adequate research into various investment schemes before deciding to invest.

“Nigerians have been hit hard by a lot of fraudulent investment schemes.

This has made people very weary of investing.

“There are different things to look out for when choosing an investment scheme.

“The company’s financials, its leadership team, competition and its relationship with regulatory bodies are crucial information needed before deciding whether to invest.

“It is good to also ask for the independent ratings, SEC-approved rating agency and possibly the rating report.

Ratings are mostly in seven levels; CC, CCC, BB, BBB, A, AA, AAA- ranging from most risky to least risky.

SFS Fund

“We strongly recommend you avoid investments without an independent rating or with a rating less than BBB.

Therefore, consider only BBB, A, AA and AAA.

SFS Fund has an AA rating, the second highest possible rating.


Furthermore, the company noted that it was important for youths to embrace the use of investment mobile applications for ease as picking the right investment app could help with building a lifetime of a strong wealthy base that secured the future.

SFS Fund Mobile App

“An example of a secure and on-the-go investment app is the SFS Fund Mobile App, which is available for download on Android and iOS devices for free.

Mutual Fund

“Upon downloading the app, you can start your Mutual Fund investment journey on an easy-to-use dashboard that encourages transactions on the go with seamless and interactive features.

“Investing in the long term is greater for achieving larger success.

“Young people also need to understand that while patient investing may be difficult, they must endure long periods of underperformance.

“They need to stick to their investment plan to achieve their investment goals,” said the statement.

NewsSourceCredit: NAN

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