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Financial Literacy

Businessman makes a strong case against equity investment

Nigerian entrepreneur and business leader, Dr. Tayo Oyedeji, recently made a strong case against equity investment. According to him, not only are stocks riskier to invest in, good returns on investment cannot always be guaranteed compared to other diversified forms of investments.

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Businessman makes a strong case against equity investment, stock market

Nigerian entrepreneur and business leader, Dr. Tayo Oyedeji, recently made a strong case against equity investment. According to him, not only are stocks riskier to invest in, good returns on investment cannot always be guaranteed compared to other diversified forms of investments.

While these assertions can easily be disputed by others, we understand that some people may, indeed, appreciate them. That is why we have carefully curated the Twitter thread for your reading pleasure. Do enjoy/learn from it.

Friends, colleagues, and family members often ask for my thoughts and opinions on an individual stock. Should I buy Facebook, it has grown by XYZ% in one year? Uber’s IPO seems like a great opportunity, should I buy it? MTN will continue to dominate the market, should I buy it?

My answer is almost always NO. Here’s why?

1. Risk: All investments are risky. Putting a lot of money on any company is an unacceptable level of risk for smart investors because you don’t control the company and cannot predict the future. E.g. Google was great until last week when US Congress started anti-trust talks.

2. Eggs and baskets: Putting all your eggs in a single basket is a bad idea. How can you predict the effects of micro or macroeconomic factors on a single company? You can’t. It’s always better to diversify. E.g. Enron couldn’t fail until it did.

3. Returns: Professional stock pickers mostly under-perform index and mutual funds. Even the best of the best who wake up in the morning and ONLY think about the stock market don’t consistently make better returns than a diversified portfolio.

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4. Finally, Most people don’t have: a) The skills to select the best individual stock. b) The time to do the research required. c) The psychic ability to predict the future.

That’s why my answer to “should I buy XYX stock” is almost always NO. Instead, buy. 1) A diversified mutual fund. 2) An index fund. 3) A money market fund.

How do I invest in these instruments if my bank doesn’t even understand them? I know many people don’t have access to safe investments so I have been thinking about starting an international investment fund to bridge the gap between financial literacy and investment decisions.

I am still gauging interests before making a final decision. Please send an email to [email protected] to let me know if you could potentially be interested in an international investment fund with a “safety first” conservative philosophy. Thanks.

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Financial Literacy

Steps to take to bag international scholarships

Here are the steps you should take if interested in pursuing international scholarships.

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United Kingdom opens window of job opportunities for international students

Studying abroad gives you exposure among many other things, and that is precisely why many Nigerians have been looking for ways to study abroad. However, not everybody is privileged with the resources to study overseas and this is where the international scholarship option comes in.

If you are interested in studying abroad and don’t have enough funds, you should consider applying for international scholarships. This article lists the steps you can take to bag international scholarships but before delving into that, here are some types of scholarships available to you as an international student:

  • Location-based scholarships
  • Course or program-based scholarships
  • Sports-related scholarships
  • Research-based scholarships
  • University-funded scholarships
  • Organization-funded scholarships
  • Government-funded scholarships

Having discovered the types of international scholarships available to you, here are the steps you should take to bag any of these international scholarships.

Research: Research is vital if you don’t want to miss out on good opportunities or make mistakes during your application. Research scholarship opportunities available in your prospective college or location and be on the lookout for hidden scholarships.

Check your eligibility: Having done thorough research and discovered the available scholarship opportunities, check to see if you are eligible for them. Many international scholarships have their criteria and requirement, so you should confirm that you are the right fit first.

Get the required documents: After confirming your eligibility, you should get the necessary documents. If the scholarship requires you to write an exam, prepare for the exam, write a good statement of purpose and prepare all other documents.

Start your admission process: Some international scholarships require that you start your admission process and probably get the admission before starting your scholarship application.

Contact past scholarship winners: You might want to contact the previous scholarship winners to know what they did right and how you can learn from them.

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Apply for the available scholarships: The last step is to apply to every available scholarship.

The best way to get funds for your undergraduate, postgraduate, or PhD pursuits abroad is by applying for international scholarships. If you do thorough research, you can find fully funded scholarships that won’t require you to pay any amount. One of the essential steps to getting an international scholarship as a Nigerian is staying abreast of current information and this will require you to network with others.

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Financial Literacy

How to stay employable amidst massive unemployment

Here are some ways to stay employable amidst massive unemployment.

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With the advancement in technology and change in traditional job roles, the workspace is constantly changing. The recent Covid-19 crisis and its consequent economic downturn have rendered many people who were employed jobless, thereby increasing the rate of unemployment. Surviving in an ever-evolving and uncertain labour market, therefore, becomes a great deal of work which requires improved thinking pattern, continued professional development, life-long learning, and the ability to adapt.

Here are some ways to stay employable amidst massive unemployment:

1. Build your expertise

Companies and organizations are looking for individuals with ideas and knowledge that will shape the company’s growth. Learning more about your field will give you an edge over others. It will also enable you to discover new tools and strategies to adopt, that will keep you marketable and make you an attractive hire.

2. Be receptive to change and emerging innovations

Life-long learning is a habit that has to be encouraged if anyone hopes to stay employable. To remain relevant in the workforce, you need to build your competence beyond past qualifications and ideas. Receptiveness to change and emerging innovations will keep you abreast with what is in your career field.

3. Enhance your job-related skills

Landing a job is challenging. It is even more difficult during an economic downturn when companies are laying off workers. One of the strategies to stay marketable is to find ways to improve your job skills. Individuals can learn skills that align with current employability needs by taking up training and courses relevant to their career scope.

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4. Be Savvy on Social Media Platforms

The recruitment sector is gradually gaining a presence on social media. Many recruitment agencies take to social media to look for and assess prospective candidates for some job opportunities. Building a strong social media profile and network will help to build relationships with peers and potential employers. This network will increase your chances of landing a job. Building a network in career fields of interest will keep you abreast of information and opportunities in your career path.

5. Refine your soft skills

As traditional work environments are replaced gradually by remote or virtual workspaces, companies are looking for individuals with soft skills like leadership, managerial competence, creativity, time management, good communication skills, etc. Individuals looking to stay employable have to develop soft skills that will help them remain economically viable. Many organizations do not just want to hire skilled people but also self-regulated and innovative individuals able to carry out tasks independently.

6. Be Confident 

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Self-confidence will make you more assertive about your skills, knowledge, and abilities. Confident individuals can communicate their ideas more eloquently and convincingly. This personality will make them stand out and portray them as relevant hands needed in any organization.

Staying employable in today’s ever-changing and competitive work environment is a process of evaluation, learning, and adaptation.

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