Little drops of water makes an ocean. I learnt about shares, dividend and equities in "Business Studies" my JSS2. I was later taught about it Economic in SS2.I did not fully understand it then. But I read and pass the exams.
In 2015, after my final exams in the University, I enrolled for Computer training at Contemporary Institute for Computer and Business Studies (CICBS) at Willington Basse Way, popularly known as Barracks road, Uyo.
There, one of the teachers, Mr Ayo... (I've forgotten his name but I still have his memories in terms of looks, face and movement (walking style)...) He introduced us to buying stocks and being a shareholder in a company. He asked us "what do you do with your money? Putting it in a bank? Why not invest it in stocks? Buy shares, little by little. You'll be amazed how far it increase in the nearest future more than your savings."
I decided to take the chance. I made enquiry from him and he directed me to Kofana Securities at Oron by Udotung Ubo street, Uyo. I got there I think same day, made enquiry and got the form, filled it and submitted it. I bought my first stock that day for #1,000. I went back the next day and bought stocks worth #6,000. A year later, 2016 precisely, I invested 6,000. Making a total of #13,000.
I decided to check it this year, the value is almost #40,000 excluding the little dividend I get based on my number of stocks or units.
It's good to save. But it's better to invest in a profitable business. Save to invest. But invest wisely.
Imagine if I had save the money in the bank. It would not have increased that much. I saved some amount of money for two years in a bank. The interest paid was not up to #2,000. The money was far greater than the money I invested in the stocks.
These days I hardly save money. What I do, I invest it into something fruitful.
I'm sharing this to encourage us to make investment no matter how little. I know for some people this is nothing because they have pass this level.
