5 Investment Apps for Nigerians— Grow Your Money From Your Phone
Investment is a very reliable way to grow your wealth. It doesn’t matter if you’re a student, business man, or someone who wants future wealth, investment is still a very notable way to make money.
The world has evolved, and for the better, so there’s no need to go to the bank or hire a financial advisor to invest. With the right apps, you can sit in the comfort of your home and begin with as little as 100 naira, yes, 100 naira, to start growing your money with your phone. Not everything is a scam! There are legit apps that are good for investing your money and getting amazing returns. This article will highlight those apps that offer features that cater for beginners to experienced investors.
1.Cowrywise
This app is best for beginners who want to save and invest easily. Cowrywise offers various savings plans, both automatic and manual savings. So you get to decide how and when you’re going to save. It also has amazing interest rates and the best part is, it’s SEC- regulated, which means you’re money is safe, so don’t fear. You can invest in government backed manual funds with as low as 100 naira. And get this, it’s very simple to use, and the savings are goal- based. This means, you can save for specific purposes, like, to buy a car, pay rent, etc.
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2. Piggyvest
Piggyvest is best for people who want to save for specific goals. They offer automatic savings, and fixed savings plans. You can earn up to 13% interest on your savings, which we can all agree is much better than having a regular bank account or a savings account. You can also incest in agriculture or real estate projects through piggyvest, which can lead to massive return, and a massive smile on your face. And the best part about piggyvest is that it’s very easy to withdraw from whenever you want to.
3. RiseVest
RiseVest is for long term investment in foreign assets like stocks, real estate, etc. RiseVest offer expert managed investment plans. So no, you do not need a financial advisor to start investing. In RiseVest, you can invest in dollars to cover you from naira depreciation. You’re basically investing in foreign assets with guaranteed dollar returns. It’s perfect for you if you want to save and invest in a stable currency. And of course, it’s very easy to use.
4. Trove
Well, RiseVest is for investing in foreign assets right? Trove, is for investing in both local and international markets. In Trove, you can diversify your portfolio by investing in local and international markets. It’s safe to say that you could use Trove to invest in stock from the Nigerian Stock Exchange (NSE). And you can start investing with as little as a thousand naira, 1000 naira. Isn’t that exciting?
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5. Eversend
Are you looking for an easy and convenient way to send and invest your money in multiple currencies? Eversend is the right app you should try out! They offer access to foreign investments, through a multi- currency wallet. You can make deposits and withdrawals in multiple currencies. You can also send money across countries.
