Everyday Money Matters (EMM) is live on @lagostalks913 every Wednesday between 7.30am-8.00am. On the show, we give answers to questions from our listeners and those sent to us.
Here are the questions we treated in today’s edition.
Question
Emo would like to know what investment opportunities are available in the New Year.
Answer
Ugodre says he can invest in fixed income securities, they give a regular return. He can try fixed income deposit, if it’s cash he doesn’t need. He can also try FGN savings bond, it is risk free and the money is with government for two years. He can also try treasury bills if he wants a bit more risk and he can also invest in equities. Equities have been up due to a rebound in oil prices. He can also try crypocurrencies but they are high risk
Question
How many kids should a newly wed couple should have in this harsh economy and why?
Answer
Ugodre says they can have two kids, but the kids should be spaced out.
Question
Peter a caller complains about the difficulty he had in accessing money during the Xmas. Peter used another ATM but the money was deducted without paying. The bank has asked him to get cctv footage. He has since being unable to get his money. What should he do ?
Answer
Ugodre says he should tweet at the bank’s social media handles.
Question
Olu from Ajah wants to go into fashion from next year. He wants to start customizing readymade clothes but doesn’t know how to go about it.
Answer
Ugodre says he can start by googling where he can get mass produced shirts abroad. He should start with something that will enable him get a market share. He should also start with family and friends.
Here is a link to today’s thread
Opinions expressed on Everyday Money Matters (EMM) are not to be interpreted as financial advice. Please consult your investment adviser.
