The first thing you want to know before you invest in stock is:
What is your reason for investing? According to an Article from royal bank owning stocks can help you build your savings, protect your money from inflation and maximize your investment. They are risky and you should invest in what you understand and the Amount you don’t need for Emergency purposes is what you should invest.
Building your savings is the focus of the first section. It is well known that stock prices climb over time, especially the stock prices of Quality firms, therefore investing your money in an Access class with the possibility that its value will increase in the future is quite advantageous and will likely pay off in the long run You should actually adopt a long-term perspective even though the stock market changes a lot and you shouldn’t regard it like gambling.
When you look at the charts of some businesses or cooperatives, you’ll notice that they have historical justifications or have smoothed out over time, but historical data doesn’t always indicate what will happen in the future. These charts also show how growing your money can actually help you stay protected from things.
How can you invest in U.S?
The app (trove) enables you to invest in stocks that are listed for trading on stock exchanges in Nigeria, China, and the US. You can access stocks, ETS rates, bonds, and easily fund your account with either naira or dollars.
Importantly, you should invest in reputable companies whose brand values you are familiar with and with whom you have excellent reason to believe.
Think about buying shares of the S&P 500 Vanguard ETF, an index that represents the top 500 U.S. firms and can be compared to a basket of equities. Instead of letting your money sit in a bank account and accrue bank fees, you can sort of future-proof it by investing in the US stock market. Troves is one of the apps that allows you to do this.
Watch the video below to get more understanding⬇️⬇️