Just kidding, but doesn’t it always seems like a never ending month? Everyone talks about how long January can be, and indeed it can appear to have 42 days, after spending money to make your December as Detty as possible. Like taking a cab for every trip (did you see those surges isonu? Phew), buying concert tickets (both the ones you missed because the artist ended up coming early meanwhile, you got there late or the one you ended up waiting many hours because you got there too early), going to parties, buying new outfits to slay with, travelling home or going on vacation, buying food, drinks and gifts, it’s very normal to realise how broke you have become in Januar, very broke, in fact. Hope you at least have plenty photos and videos for fond memories to ease the pain ?
January – the only month in the year with 42 days!
One of the best ways to get more value on your savings is by investing in mutual funds. Hopefully you have some money stashed away already that you can withdraw from to ease small stress this Gbeju January. If not, don’t worry, you can at least start now so you have some cushion for next time. If you are wondering what mutual funds are, the benefit derived is like how a group of people aim to share a whole cow so each of themcan get more pieces of the juicy bits and more meat in bulk rather than buying in smaller chunks. You will agree that it is more cost effective to buy in bulk. That’s how mutual funds work, it’s a collective investment scheme where individuals can invest with as little as N5,000 and get similar rate of returns as individuals investing say, N1m. Contributions from different investors like you and I are then pooled together and invested by professional fund managers -Stanbic IBTC Asset Management (insert wink emoji )in money market instruments, stocks, bonds and other securities, on our behalf.
