If you want to buy shares in Nigeria there are various ways to do it.
You can buy shares through online platforms, stockbrokers, or financial institutions.
In this article, we will reveal the options available for buying shares in Nigeria.
Some Ways You Can Buy Shares in Nigeria
Some other ways you can buy shares include :
1. Buy Stocks Online
Buying stocks online is inexpensive, you are only charged a fee for each transaction you make. But, you are responsible for your investment decisions.
This means that you would have to perform research yourself and bear the risk. It’s advisable to review the top trading sites online before you get started.
2. Mutual Funds
Mutual funds are somewhat of a safer way to invest in stocks. Here, your fund manager does the heavy lifting and buys a group of stocks for you.
Although you don’t own the stock, you own a share of the fund. For more, see Top 10 Mutual Fund Managers in Nigeria before you buy a Mutual Fund
3. Hedge Funds
A hedge fund is like a mutual fund. Both funds pool all their investors’ money into one managed fund.
The difference is that hedge funds invest in financial instruments such as derivatives. They often project to outperform the market with these excellent investments.
These funds are private companies, and as such aren’t as regulated as mutual funds. Although they are riskier, they yield a higher return
4. Investment Clubs
The benefit of being part of an investment club is that you get a lot of information at a reasonable cost. On the flip side, it can be time-consuming to meet with the other club members.
You may also have to pool some funds into the club account before you can begin investing. Again, it is advisable to conduct thorough research before you join any club.
5. Participate in IPOs
An IPO means Initial Public Offering. Companies make their shares available to the public for the first time through IPOs.
You need to apply during the IPO period and follow the company’s guidelines.
Investing in shares is a great way to double your wealth. Most financial advisors advise buying shares based on your financial objectives.
You would need to assess risks, diversify, and then watch your investment grow.